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Jun 17, 2024 · Global oil demand growth will fall to 1.1MMbpd in 2024 (2023: 2.3MMbpd) due to electric vehicle expansion and efficiency gains, and slower growth in China, and remain at a similar level in 2025, according to the International Energy Agency.
Jun 19, 2024 · Fitch Ratings expects global oil consumption growth to continue in 2024-’25. The global production growth will be less than 1MMbpd in 2024, whereas the growth will accelerate to well above 1MMpbd in 2025, primarily driven by increased production from non-OPEC+ countries, especially from the U.S., Canada and Brazil.
Jun 15, 2022 · Fitch has increased its Brent and WTI price assumptions for 2022-2024 by $5 per barrel (bbl) with the Brent price for 2022 rising to $105 per bbl, while the prices for 2023 and 2024 rose to...
Mar 20, 2020 · S&P Global Ratings on March 19 cut its West Texas Intermediate and Brent crude oil price assumptions, while Fitch Ratings lowered its short- and medium-term oil and gas price assumptions.
Jun 14, 2022 · Fitch Ratings Raises Oil and Gas Price Assumptions. ENERGY. They have raised Brent by 5$/bbl in 2022 to 2024 to 105$/bbl in 2022 and 85$/bbl in 2023. Higher oil assumptions are driven by the disruption to oil supply from EU’s ban on Russian seaborn imports and from growing demand.
Dec 9, 2023 · Fitch Ratings has revised its near-term oil and European gas price assumptions, citing OPEC+'s sustained control over supply and ongoing dynamics in the energy market. The adjustments include an increase in 2024 oil price assumptions, driven by OPEC+'s commitment to support oil prices through extended quotas and additional production cuts.
Mar 19, 2020 · Fitch Ratings on March 19 lowered its short- and medium-term oil and gas price assumptions as it foresees a very large supply glut for 2020. Fitch also decided to cut its long-term price assumptions to reflect the ongoing efficiency gains, low breakeven oil prices of greenfield projects and a potential demand slowdown due to the energy ...
