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  1. www.mckinsey.com › industries › oil-and-gasGlobal oil supply-and-demand outlook to 2040 | McKinsey

    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 ...

  2. www.iea.org › data-and-statistics › chartsYear-on-year changes in global oil demand by quarter, 2023 ...

    Other emerging economies. Total. Appears in. China’s slowdown is weighing on the outlook for global oil demand growth. Notes. Q3 2024 to Q4 2025 values are estimated. Year-on-year changes in global oil demand by quarter, 2023-2025 - Chart and data by the International Energy Agency.

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  4. www.mckinsey.com › ~ › mediaGlobal oil outlook to 2040 - McKinsey & Company

    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 ...

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  5. riveron.com › posts › q3-2020-oil-and-gas-industryQ3 2020 Oil and Gas Industry Update: What You Need to Know

    Oct 26, 2020 · According to the International Energy Agency (IEA), global oil supply rose to 91.7 million barrels per day in Q3 2020, following a nine-year low of 86.9 million barrels per day (bpd) at the end of Q2 2020. After OPEC and its allies reduced production cuts from 9.7 to 7.7 million bpd in August, recovery in countries outside of OPEC has stalled.

  6. www.iea.org › reports › oil-2020Oil 2020 – Analysis - IEA - International Energy Agency

    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 ...

  7. prod.iea.org › reports › oil-market-report-december-2020Oil Market Report - December 2020 – Analysis - IEA

    In the short term, oil demand remains weak and we have reduced our estimate for the fourth quarter of 2020 by 0.2 million barrels per day on small data revisions in various countries. For the year as a whole, global demand will be 91.2 mb/d, which is 8.8 mb/d below the 2019 level and down 0.1 mb/d from our last Report.

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  9. www.spglobal.com › commodityinsights › enIEA sees major oil capacity glut by 2030 as demand peaks

    Jun 12, 2024 · Total oil supply capacity will rise by 6 million b/d to 113.8 million b/d by 2030, the IEA forecasts, a "staggering" 8 million b/d above the projected global demand of 105.4 million b/d and the highest since the demand collapse of the 2020 coronavirus pandemic. This anticipated surplus in global oil production capacity could upend the current ...