15 Jun 2018 Projections of oil production, price and investments in WEO 2000–2016 are Previous retrospective studies of IEA and EIA energy projections are reviewed. Projected OPEC production is now 11.6 mb/d lower in 2020. 13 Dec 2013 According to the median estimate of the poll, Brent crude will average $95 a barrel over the course of 2020, a drop of $20 from the estimate in a 2 Apr 2019 After a steady recovery in 1H18, oil prices exhibited high volatility in 2H18 Source: IEA, EIA , OIES outlook in 2019 due to the deepening crisis in Venezuela, implemented and bunker fuel oil demand falls after 2020. IEA Our global demand growth forecasts for 2019 and 2020 remain unchanged, at 1 mb/d and 1.2 mb/d. For 4Q19 and 2019 as a whole global refinery runs are estimated to have declined by 0.2 mb/d y-o-y. Refining margins continued falling in December due to higher crude prices, and exceptions were largely due to widening sour crude differentials.
Oil 2020 examines the key issues in demand, supply, refining and trade to 2025. Between 2019 and 2025, global oil demand is forecast to grow at an average Given its huge resource potential, it could produce even more if prices end up 6 Mar 2020 Oil Market Report - March 2020 - Analysis and key findings. data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, Oil Market Report - February 2020 - Analysis and key findings. A report by Now that the demand outlook has weakened, prices have moved significantly down.
The International Energy Agency (IEA) cut its oil demand forecast yet again, citing the weakening global economy. In its latest Oil Market Report, the agency predicts that demand will grow by 1 Demand is now expected to contract by 435,000 b/d in the first quarter of 2020, the first quarterly decrease in more than a decade, according to the latest monthly Oil Market Report of the The International Energy Agency (IEA) cut its global oil demand growth forecasts for this year and next on Friday, citing fears of an economic downturn as the U.S. - China trade war casts a shadow
20 Jan 2020 OPEC's latest forecast shows global oil inventories falling at an average rate of almost 100,000 barrels a day over the course of this year 30 Nov 2016 The latest IEA projections are bullish on oil prices in the near-term, and warns of an oil price shock if recent investment trends continue in 2017. 7 Mar 2017 Supply won't meet demand as production struggles to come back online after weak investment, agency says in 5-year forecast. 12 Dec 2019 On Tuesday, the EIA STEO (Short-Term Energy Outlook) report forecast lower oil prices for 2020 than this year. In 2019 so far, spot Brent and 22 Jan 2020 Oil prices fell on Wednesday as an International Energy Agency (IEA) forecast of a market surplus in the first half of 2020 outweighed concerns 25 Sep 2018 IEA 2018. Short term update: crude prices (excl. WTI) up strongly Aug/ Very large shift in demand in 2020 and following adjustments reflect
The halving of oil prices from $100 per barrel before 2014 down to just $50 today has led to a corresponding plunge in upstream investment. But even as benchmark prices seem to have stabilized over the past year, with most analysts predicting gradual and modest gains in the year ahead (depending on OPEC’s actions), The International Energy Agency (IEA) cut its oil demand forecast yet again, citing the weakening global economy. In its latest Oil Market Report, the agency predicts that demand will grow by 1 Demand is now expected to contract by 435,000 b/d in the first quarter of 2020, the first quarterly decrease in more than a decade, according to the latest monthly Oil Market Report of the The International Energy Agency (IEA) cut its global oil demand growth forecasts for this year and next on Friday, citing fears of an economic downturn as the U.S. - China trade war casts a shadow As a result, oil prices are projected to rise to $79/barrel (bbl) by 2020, $111/bbl by 2030, and $124/bbl by 2040. Even in the NPS -- the case that is more bearish for oil -- oil prices are forecast to rise ~75% from current levels in the next three years. “Given additional data I now think that 2020 year-over-year oil growth will be roughly 400,000 barrels per day which is below current consensus.” A dramatic slowdown in the shale industry has