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  1. www.spglobal.com › commodityinsights › enGlobal Oil Supply and Demand Outlook 2021-2022 | S&P Global

    Global oil demand recovery plays out according to plan, but variants and slow vaccination outside of developed markets mean hopes of a swift boom in “pent-up” demand above 2019 levels looks unlikely. We have lifted our 3Q2021 global crude oil demand outlook by 0.3 MMb/d to 99 MMb/d, now 6.6 MMb/d above 1Q2021levels.

  2. www.cer-rec.gc.ca › en › data-analysisMarket Snapshot: Historical Trends in Canadian Oil and Gas ...

    Nov 23, 2022 · From the early 2000s to 2008, concerns of supply shortage led to rising oil and gas prices globally and in North America. With rising prices, Canadian oil and gas investment levels hit a then-high of $50 billion in 2008. The sector made up 18% of total industrial investment in Canada that year. i By 2009, the economic slowdown caused by the ...

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  4. financialpost.com › commodities › opec-expects-toOil demand will rebound by 2022 and will grow for another two ...

    Oct 8, 2020 · The group estimates Canada’s output fell to 5 million bpd in 2020, compared to 5.4 million bpd in 2019, and it will gradually rise to 5.6 million bpd by 2025, and rising to 6.2 million by 2045. Canada is projected to remain the second-largest tight oil producer behind the U.S., with supply growing to peak output around 0.6 million bpd, OPEC ...

  5. capitalmarkets.bmo.com › en › news-insightsGlobal Oil and Gas Demand Recovery a Long Way Out: Rystad ...

    Jun 18, 2020 · Text Bigger | Text Smaller. Global oil and gas demand may take as long as 24 months to recover from the impact of the COVID-19 pandemic, which virtually shut down the oil and gas industry as it took cars off the road and jet airplanes out of the sky, severely impacting the use of fossil fuels, Artem Abramov, Rystad Energy’s head of shale ...

  6. www.spglobal.com › commodityinsights › enCommodities 2022: Oil demand recovery seen holding course ...

    Dec 23, 2021 · S&P Global Platts Analytics expects global oil demand to grow by 4.6-4.8 million b/d in 2022 or just short of 5% to average 103 million b/d. At that level, total demand will surpass pre-pandemic levels by some 0.6-0.8 million b/d in 2022.

  7. sustainabilityleaders.bmo.com › en › news-insightsGlobal Oil and Gas Demand Recovery a Long Way Out ... - BMO

    Jun 18, 2020 · Global oil and gas demand may take as long as 24 months to recover from the impact of the COVID-19 pandemic, which virtually shut down the oil and gas industry as it took cars off the road and jet airplanes out of the sky, severely impacting the use of fossil fuels, Artem Abramov, Rystad Energy’s head of shale research, told the BMO Capital Markets Energy conference.

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  9. www.cer-rec.gc.ca › en › data-analysisMarket Snapshot: Crude Oil Imports Declined in 2022, While ...

    Aug 16, 2023 · The total cost of imported crude oil was $21.5 billion in 2022, 46% higher than the $14.7 billion cost in 2021. This increase was primarily because global crude oil prices spiked in 2022, following Russia’s invasion of Ukraine, causing global supply security concerns, along with general demand recovery relative to the onset of the COVID-19 pandemic.