2020 oil demand forecast
Overall 2020 oil demand is now forecast at 100.97 million b/d, 480,000 b/d below the IEA's previous estimate. "Before the outbreak of Covid-19, [China] was expected to drive over a third of oil consumption growth in 2020, but now we think it will be less than a fifth," the IEA said in its latest monthly oil market report. The energy agency now expects oil demand growth to reach 1.1 million barrels per day (b/d) in 2019 and 1.3 million b/d in 2020. That constitutes a downward revision of 100,000 b/d for this year In its latest Oil Market Report, the agency predicts that demand will grow by 1 million barrels per day (mb/d) in 2019 and 1.2 mb/d in 2020, both of which are downward revisions by 100,000 bpd The EIA forecast demand will average 100.3 mb/d in the first quarter of 2020. It will increase to 101 mb/d by the end of the year, and to 101.5 by the end of 2021. Commitments to stop climate change introduced more uncertainty into future oil demand. EIA expects global petroleum and liquid fuels demand will rise by less than 0.4 million b/d in 2020 and by 1.7 million b/d in 2021. Lower global oil demand growth for 2020 in the March STEO reflects a reduced assumption for global economic growth along with reduced expected travel globally because of the 2019 novel coronavirus disease (COVID-19). Oil price forecast for 2020, 2021, 2022 and 2023. Crude oil predictions and projections. Price trend by month. Detailed forecast table. Crude oil Brent price forecast for next months and years. The price is in US Dollar per 1 oil barrell. The Organization of the Petroleum Exporting Countries on Wednesday slashed its forecast for 2020 growth in oil demand by 920,000 barrels a day to 6,000 barrels a day, reflecting expectations for
16 Jan 2020 Paris: OPEC on Wednesday raised its 2020 estimate for growth in global demand for oil, while noting that increased output from non-OPEC
The energy agency now expects oil demand growth to reach 1.1 million barrels per day (b/d) in 2019 and 1.3 million b/d in 2020. That constitutes a downward revision of 100,000 b/d for this year In its latest Oil Market Report, the agency predicts that demand will grow by 1 million barrels per day (mb/d) in 2019 and 1.2 mb/d in 2020, both of which are downward revisions by 100,000 bpd The EIA forecast demand will average 100.3 mb/d in the first quarter of 2020. It will increase to 101 mb/d by the end of the year, and to 101.5 by the end of 2021. Commitments to stop climate change introduced more uncertainty into future oil demand. EIA expects global petroleum and liquid fuels demand will rise by less than 0.4 million b/d in 2020 and by 1.7 million b/d in 2021. Lower global oil demand growth for 2020 in the March STEO reflects a reduced assumption for global economic growth along with reduced expected travel globally because of the 2019 novel coronavirus disease (COVID-19). Oil price forecast for 2020, 2021, 2022 and 2023. Crude oil predictions and projections. Price trend by month. Detailed forecast table. Crude oil Brent price forecast for next months and years. The price is in US Dollar per 1 oil barrell.
6 days ago now sees global oil demand rising by mere 60000 bpd in 2020 after it has slashed its forecasts by 920000 bpd from last month's assessment.
In its closely scrutinized monthly oil market report, OPEC increased its 2020 world oil demand growth forecast by 140,000 barrels to 1.22 million barrels a day, while also nudging its global IEA reduces 2020 global oil demand growth forecast to 825,000 b/d. Global oil demand has been hit hard by the coronavirus and the widespread shutdown of China’s economy. Demand is now expected Overall 2020 oil demand is now forecast at 100.97 million b/d, 480,000 b/d below the IEA's previous estimate. "Before the outbreak of Covid-19, [China] was expected to drive over a third of oil consumption growth in 2020, but now we think it will be less than a fifth," the IEA said in its latest monthly oil market report. The energy agency now expects oil demand growth to reach 1.1 million barrels per day (b/d) in 2019 and 1.3 million b/d in 2020. That constitutes a downward revision of 100,000 b/d for this year In its latest Oil Market Report, the agency predicts that demand will grow by 1 million barrels per day (mb/d) in 2019 and 1.2 mb/d in 2020, both of which are downward revisions by 100,000 bpd
18 Feb 2020 The International Energy Agency cut its oil demand forecast for 2020 by almost 500,000 b/d and said demand would contract for the first time in a
2 Dec 2019 Growth slows in 2020, hinging on global demand and the market's ability to support continually increasing output. 5 Dec 2019 Healthy demand growth in 2019-2020 leads to crude oil price recovery, despite the increased supply from the US shale. Experts forecast the OPEC on Wednesday cut its forecast for growth in world oil demand in 2020 due to an economic slowdown, an outlook the producer group said highlighted the need for ongoing efforts to prevent a new
13 Feb 2020 In its monthly oil market report, the International Energy Agency cuts the 2020 oil demand growth forecast by 365000 bpd to 825000 bpd on
18 Feb 2020 The International Energy Agency cut its oil demand forecast for 2020 by almost 500,000 b/d and said demand would contract for the first time in a 13 Feb 2020 London | OPEC cut its forecast for global growth in oil demand this year due to the coronavirus outbreak and said its output fell sharply in 13 Feb 2020 OPEC on Wednesday cut its forecast for global growth in oil demand this year due to the coronavirus outbreak and said its output fell sharply in. 13 Feb 2020 On the supply side, the Organization of Petroleum Exporting Countries (OPEC) lowered its 2020 demand forecast for its crude by 200,000 bpd, 13 Feb 2020 The IEA slashed its oil demand growth forecast for 2020 by 365,000 barrels a day , a cut of 30% to its previous forecast made in January. 2 Dec 2019 Growth slows in 2020, hinging on global demand and the market's ability to support continually increasing output. 5 Dec 2019 Healthy demand growth in 2019-2020 leads to crude oil price recovery, despite the increased supply from the US shale. Experts forecast the
13 Feb 2020 The IEA slashed its oil demand growth forecast for 2020 by 365,000 barrels a day , a cut of 30% to its previous forecast made in January. 2 Dec 2019 Growth slows in 2020, hinging on global demand and the market's ability to support continually increasing output. 5 Dec 2019 Healthy demand growth in 2019-2020 leads to crude oil price recovery, despite the increased supply from the US shale. Experts forecast the OPEC on Wednesday cut its forecast for growth in world oil demand in 2020 due to an economic slowdown, an outlook the producer group said highlighted the need for ongoing efforts to prevent a new