Oil demand and supply 2020
The demand and supply trends point to a tight global oil market, with spare production capacity in 2022 falling to a 14-year low. In the next few years, oil supply is growing in the United States, Canada, Brazil and elsewhere but this growth could stall by 2020 if the record two-year investment slump of 2015 and 2016 is not reversed. The US will dominate oil production growth over the next two years, keeping the market well supplied, but a crunch could loom after 2020 if investment into future global output fails to keep up OPEC said on Thursday it expected demand for its oil to fall in 2020 as rivals pumped more despite a smaller surplus of crude in the global market, building a case for the group to maintain supply curbs when it meets to discuss policy next month. IEA: World oil supply, demand to rebalance by 2020. The global oil market is expected to rebalance at $80/bbl by 2020, with further increases in price thereafter, as excess oil supplies are shed and demand picks up, according to the central scenario of the International Energy Agency’s 2015 World Energy Outlook, released Nov. 10.
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
30 Dec 2019 Next year, the energy market faces a double whammy of a supply glut and lackluster demand that could send prices for crude oil down more than 11 Feb 2020 EIA's global petroleum supply forecast assumes that the Organization of of lower expected global oil demand in early 2020, the agency said. The publication is a means to highlight and further the understanding of the many possible future challenges and opportunities that lie ahead for the oil industry. It Increasing security and decreasing demand of global oil supply. 3 Feb 2020 Prices are now near their lowest since October however, on fears that the coronavirus epidemic might hit global growth and oil demand, but 15 Nov 2019 The IEA says Opec+ will face a challenge in 2020 as demand for their crude is expected to fall sharply, with prospects of a supply cut
IEA: World oil supply, demand to rebalance by 2020. The global oil market is expected to rebalance at $80/bbl by 2020, with further increases in price thereafter, as excess oil supplies are shed and demand picks up, according to the central scenario of the International Energy Agency’s 2015 World Energy Outlook, released Nov. 10.
Healthy 2019-20 demand growth (supported by MARPOL) leads to a recovery in prices despite higher supply from US shale. OPEC concludes the cut deal in 2020 3 Jan 2020 Oil prices in 2020 will recover smartly from late 2019 levels, as demand regains its mojo and supply growth continues to moderate. A weaker 11 Mar 2020 Lower global oil demand growth for 2020 in the March STEO reflects OECD commercial stocks of crude oil and other liquids (days of supply) 6 days ago On the supply side, OPEC expects non-OPEC supply growth at 1.8 million bpd this year, down by 500,000 bpd from the previous projection,
Healthy 2019-20 demand growth (supported by MARPOL) leads to a recovery in prices despite higher supply from US shale. OPEC concludes the cut deal in 2020
15 Jan 2020 Still, those hoping for a tighter oil supply-demand balance may yet be disappointed. The cartel raised its non-OPEC supply growth forecast for 16 Feb 2020 The IEA cut its 2020 growth forecast by 365000 bpd down to 825000 bpd, the 2020, the expectation of stronger demand, and weaker supply
4 Mar 2020 Both supply and demand effects are in play, and both are being amplified by tightening financial conditions." FGE said the coronavirus crisis can
3 Jan 2020 Oil prices in 2020 will recover smartly from late 2019 levels, as demand regains its mojo and supply growth continues to moderate. A weaker 11 Mar 2020 Lower global oil demand growth for 2020 in the March STEO reflects OECD commercial stocks of crude oil and other liquids (days of supply) 6 days ago On the supply side, OPEC expects non-OPEC supply growth at 1.8 million bpd this year, down by 500,000 bpd from the previous projection, 13 Feb 2020 Global oil demand is now expected to see its first quarterly to fall by 435,000 barrels a day (b/d) in the first quarter of 2020, down from the same of the year, stronger demand and a tailing off of non-OPEC supply growth.
28 Dec 2014 Another contributing factor to an excess supply of oil was a return of Libyan At what price would supply and demand be back in balance? is significantly lower per capita than what is perceived today through 2020-25. Our present level of energy consumption, almost entirely based on fossil fuels, essentially dictates and enables our present way of living in a complex society with 12 Oct 2018 “Petrochemicals are set to account for more than a third of the growth in world oil demand to 2030, and nearly half the growth to 2050, adding The resulting forecast average price in 2020 is $60/b, $2/b lower than forecast in the September STEO. EIA’s October forecast recognizes a higher level of oil supply disruption risk than previously assumed, more-than-offset by increasing uncertainty about economic and oil demand growth in the coming quarters,