Oil supply and demand forecast
23 Jun 2011 This is something I've been talking about for some time: increased demand from the developing world is providing a floor for oil prices. EIA expects inventory builds will be largest in the first half of 2020, rising at a rate of 1.7 million b/d because of slow oil demand growth. Firmer demand growth as the global economy strengthens and slower supply growth will contribute to balanced markets in the fourth quarter of 2020 and global oil inventory draws in 2021. OPEC has downwardly revised its forecast for global oil demand growth over both the medium-term and long-term, citing tough market conditions and "signs of stress" in the world economy.. In its EIA forecasts U.S. crude oil production will average 13.0 million b/d in 2020, up 0.8 million b/d from 2019, but then fall to 12.7 million b/d in 2021. The forecast decline in 2021 is in response to lower oil prices and would mark the first annual U.S. crude oil production decline since 2016. The International Energy Agency (IEA) cut its oil demand forecast yet again, citing the weakening global economy. In its latest Oil Market Report, the agency predicts that demand will grow by 1 OPEC, in the report, lowered its forecast for world economic growth in 2020 to 3.1% from 3.2% and said next year’s increase in oil demand would be outpaced by “strong growth” in supply from
OPEC, in the report, lowered its forecast for world economic growth in 2020 to 3.1% from 3.2% and said next year’s increase in oil demand would be outpaced by “strong growth” in supply from
As for how this stacks up against the September short-term outlook, the EIA is calling for oil demand growth of 840,000 barrels per day (down about 50,000 from the September forecast) in 2019 and OPEC, in the report, lowered its forecast for world economic growth in 2020 to 3.1% from 3.2% and said next year’s increase in oil demand would be outpaced by “strong growth” in supply from The International Energy Agency has cut its oil demand growth forecasts for this year and next on weakness in major world economies. The Paris-based body reduced its estimates for 2019 by 65,000 Crude Oil Price Forecast for 2020. But in the absence of geopolitics, the price of oil – like any other commodity – is dependent on supply and demand. My friend Rick Rule, CEO of Sprott U.S. Holdings, famously says, “The cure for low prices is low prices. And the cure for high prices is high prices.”
17 Jun 2019 IEA, OPEC Cut 2019 Oil Demand Growth Forecast output fell in May as US sanctions on Iran added to the impact of the supply-cutting pact.
28 Jan 2020 The long-term outlook for demand growth looks shaky, at best. There are still vulnerabilities in the oil market. Supply risks are not insignificant. 29 Oct 2019 The drone attack on Saudi Arabia's crude oil processing facilities in mid- September sent the global crude supply down by 1.5 million barrels a 3 Jan 2020 Crude price activity should be modest in 2020 as supply and Global oil demand is forecast to grow by 1.2 million bpd according to the most 23 Dec 2019 Improved economic outlook, IMO 2020 and shrinking supply to offer The OPEC kept its 2020 economic and oil demand growth forecasts 24 Dec 2018 IEA forecasts for supply have not changed much. The three big players in oil production are Russia, Saudi Arabia, and the US. They all produce 13 Nov 2019 LONDON (Bloomberg) - Global oil demand will hit a plateau around 2030 as cars will have peaked, the IEA said in its long-term World Energy Outlook. From controlling just over half of global supply now, their share will
28 Jan 2020 The long-term outlook for demand growth looks shaky, at best. There are still vulnerabilities in the oil market. Supply risks are not insignificant.
forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, Oil 2020 examines the key issues in demand, supply, refining and trade to 2025. Between 2019 and 2025, global oil demand is forecast to grow at an average OPEC's View on the Outlook for Oil Supply/Demand. Speech by Mr. Mohammed Barkindo, Acting for the Secretary General, to the 7th International Oil Summit, A plateau in demand and cheaper resources will lead to tough competition between energy sources where supply exceeds demand. There will be an increased
11 Feb 2020 The "Asia Pacific Fuel Oil Supply and Demand Outlook to 2028" report has been added to ResearchAndMarkets.com's offering.
EIA expects inventory builds will be largest in the first half of 2020, rising at a rate of 1.7 million b/d because of slow oil demand growth. Firmer demand growth as the global economy strengthens and slower supply growth will contribute to balanced markets in the fourth quarter of 2020 and global oil inventory draws in 2021.
EIA forecasts U.S. crude oil production will average 13.0 million b/d in 2020, up 0.8 million b/d from 2019, but then fall to 12.7 million b/d in 2021. The forecast decline in 2021 is in response to lower oil prices and would mark the first annual U.S. crude oil production decline since 2016. As for how this stacks up against the September short-term outlook, the EIA is calling for oil demand growth of 840,000 barrels per day (down about 50,000 from the September forecast) in 2019 and