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- Our crude oil price outlook is largely unchanged from last month’s outlook. Our projection for Dated Brent in second half 2021 is to average $70.75/bbl and for WTI to average $67.90/bbl. For 2022, our Dated Brent and WTI projections are $66/bbl and $63/bbl, respectively.
www.spglobal.com/commodityinsights/en/ci/topic/global-crude-oil-markets-outlook-2021.html
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Mar 17, 2021 · In the absence of more rapid policy intervention and behavioural changes, longer-term drivers of growth will continue to push up oil demand. As a result, by 2026, global oil consumption is projected to reach 104.1 mb/d. This would represent an increase of 4.4 mb/d from 2019 levels.
The World Oil Outlook combines the expertise of the OPEC Secretariat, professionals in OPEC Member Countries and the Organization’s Economic Commission Board, as well as input from various other sources. The OPEC Secretariat welcomes any feedback. View below the latest edition. WOO 2023 interactive version.
The expected 7 MMb/d spike in world oil demand from first to third quarter 2021 was an essential catalyst of higher oil prices, but the velocity of demand growth will ease considerably later this year. We project world oil demand will only increase 300,000 b/d from third to fourth quarter 2021.
Dec 12, 2023 · December 12, 2023. Next expected update. December 2024. Date range. 1861–2022. Unit. current US$ per cubic meter. Sources and processing. This data is based on the following sources. Energy Institute – Statistical Review of World Energy.
Jan 4, 2022 · Brent’s 2021 annual average of $71/b is the highest in the past three years. The price of West Texas Intermediate (WTI) crude oil traced a similar pattern to Brent and averaged $3/b less than Brent in 2021. Global petroleum production increased more slowly than demand, driving higher prices.
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