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- The year 2020 saw the largest ever global drop in energy and oil demand, but 2021 has witnessed a significant rebound as vaccines were rolled out, lockdowns were eased, mobility increased, economies opened up further, and fiscal and infrastructure packages were implemented.
www.opec.org/opec_web/en/press_room/6619.htm
Monthly Oil Market Report 2021. The OPEC Monthly Oil Market Report (MOMR) covers major issues affecting the world oil market and provides an outlook for crude oil market developments for the coming year. The report provides a detailed analysis of key developments impacting oil market trends in world oil demand, supply as well as the oil market ...
If you are looking for the latest figures on OPEC output levels, oil prices, or supply and demand, you will find it here. The main sources used for data collection are: the latest OPEC Monthly Oil Market Report, Platts, IMF, OECD - Monthly Oil Data Service and other OPEC Secretariat's assessments.
The 2021 oil supply forecast primarily sees growth in Canada, Russia, China, US, Norway, Guyana, and Qatar, while output is projected to decline in the UK, Colom bia, Indonesia and Brazil. Similarly, the non- OPEC supply
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OECD oil demand is expected to grow by around 0.2 mb/d, while non-OECD demand is forecast to expand by close to 1.7 mb/d. In 2025, global oil demand growth is also revised down slightly by 103 tb/d from the previous month’s assessment to 1.5 mb/d, y-o-y.
Apr 13, 2021 · In its closely watched monthly oil market report released April 13, OPEC raised its demand forecast by 190,000 b/d from its March estimate, expecting consumption to average 96.46 million b/d this year, citing economic stimulus programs and a further easing of COVID-19 lockdown measures.
- Claudia Carpenter
This new OIES presentation looks at the extension of the OPEC+ deal to the end of 2022 and implications on oil markets: Global oil demand has lost some momentum recently, but the fundamentals remain solid where demand is still expected to grow by 5.6 mb/d in 2021 and further 3.3 mb/d in 2022.
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