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Mar 9, 2020 · About this report. Oil 2020 examines the key issues in demand, supply, refining and trade to 2025. This year, the report considers topics such as the impact of the new coronavirus (COVID-19) on demand; slowing supply growth in the United States and other non-OPEC countries; and the level of spare production capacity in OPEC countries to help ...
- Slowing demand growth and surging supply put global oil ...
In parallel, a surge in global oil production capacity, led...
- World oil supply and demand, 1971-2018 – Charts – Data ...
Oil statistics 2019, World oil supply and demand, 1971-2018.
- Slowing demand growth and surging supply put global oil ...
- Transportation Demand
- Rising Renewables
- Gas Exports
The IEO's reference case projections assume current policy, regulatory and technology trends, a compound annual GDP growth rate of 2.8% and 2050 oil prices of $95/b. Global travel demand is expected to return to 2019 pre-pandemic levels by 2025 for non-OECD countries and 2026 for OECD countries. Oil products continue to increase and meet most deman...
Natural gas consumption rises by 31% by 2050 in EIA's reference case, despite being limited by renewable consumption, which grows from 15% to 27% over the period. EIA projects renewables will make up 90% of added electric generation from 2020 to 2050 in developing regions, where generation growth is seen almost double the pace in OECD regions. In m...
Amid growing demand for natural gas in Europe and, particularly, non-OECD Asia, EIA projects US and Russian gas production to grow by 10 Tcf between 2020 and 2050, and Middle East production to grow by 5 Tcf. Russia, connected to Europe by pipelines and LNG trade, is seen growing the most in net exports, more than doubling over the period, while EI...
Feb 26, 2021 · Long-term up to 2040. Long-term equilibrium oil prices have decreased by $10 to $15/bbl compared with pre-COVID-19 outlooks, as driven by a flattening cost curve and lower demand. Under an OPEC-control scenario, in which OPEC maintains its market share, we see a $50 to $60/bbl equilibrium price range in the long term, fueling 10 to 11 MMb/d US ...
Jun 12, 2024 · In parallel, a surge in global oil production capacity, led by the United States and other producers in the Americas, is expected to outstrip demand growth between now and 2030. Total supply capacity is forecast to rise to nearly 114 million barrels a day by 2030 – a staggering 8 million barrels per day above projected global demand, the report finds.
Jul 29, 2021 · Oil statistics 2019, World oil supply and demand, 1971-2018.
Feb 9, 2020 · stable growth of more than 1 percent per year, oil-demand growth slows in the late 2020s and peaks in 2029. Various energy-transition drivers could cause peak to occur six to ten years earlier By 2040, exploration and production companies need to add 38 MMb/d of new crude production from unsanctioned projects to meet demand. Most new
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Nov 9, 2021 · The price of U.S. benchmark West Texas Intermediate (WTI) crude oil is near its highest level since 2014, increasing rapidly from low prices in mid-2020. Because of the economic effects, government and business responses, and personal travel changes caused by the COVID-19 pandemic in 2020, demand for crude oil and petroleum products declined rapidly, inventories increased, and prices fell.
