Search results
Oct 26, 2020 · Therefore, the recent increase in COVID-19 cases in some countries, as well as the slowed growth of global oil demand in August and September, have contributed to downward pressure on crude oil prices. While oil appeared stationary during the third quarter, natural gas increased by 44.3% from $1.75 to $2.53 by the end of September. With a ...
The overall demand estimate for 2020 is largely unchanged at 91.7 mb/d (down 8.4 mb/d versus 2019), as is the estimate for 2021 at 97.2 mb/d, (up 5.5 mb/d year-on-year). Global oil supply fell in September as OPEC+ countries improved the compliance rate with their agreement.
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 ...
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 ...
Jul 10, 2020 · In its latest monthly oil market report, the Paris-based agency raised its estimate for global oil demand by 400,000 b/d this year, estimating the demand collapse during the peak of lockdowns in Q2 was less severe than expected at 16.4 million b/d. Last month, the IEA had estimated a Q2 demand hit of almost 18 million b/d.
Sep 28, 2021 · Global oil demand is forecast to rise by 17.6 million b/d between a long-term period of 2020 and 2045, growing to 108.2 million b/d in 2045 from 90.6 million b/d in 2020.
People also ask
Will global oil demand grow in 2021?
How will global oil demand change in 2025?
What are the key issues in oil 2020?
Will global oil demand contract in 2020?
When will the global oil market recover in 2020?
Is there a base case for oil demand in 2020?
Feb 9, 2020 · 2020 supply stack Production Oil sands from sanctioned projects 0.3 OPEC Gulf Shale oil (including production from spare capacity 92.3 –37.1 2.4 41.7 7.8 4.1 100.8 37.6 MMb/d NGL and other liquids2 Other3 OPEC Gulf Shale oil4 Oil sands Deepwater Shallow water Crude and condensate = 76.5 79.3 Global oil-supply growth 2020–40, MMb/d ...
