Global oil outlook 2020
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). OPEC’s World Oil Outlook (WOO) is part of the Organization’s commitment to market stability. 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 is also a channel to encourage dialogue, The Global Oil & Gas Outlook 2020 Walking the tightrope—vigilance required to keep moving forward in 2020 As we, once again, move from one year to the next, how do we assess the oil and gas and chemical sectors’ performance in 2019 and its prospects for 2020? The global oil market in 2020 Using data from The Economist Intelligence Unit's Oil Adequacy Index, this special report takes a look at the state of the global oil market and what to expect throughout 2020. J.P. Morgan Research forecasts 2020 global GDP growth at 2.5%, with U.S. growth slowing to 1.7% from 2.3% in 2019, as fiscal policy support rolls off and the Federal Reserve (Fed) remains dovish. EM growth should improve at the margin to 4.2%. The Oil and Gas Security market was valued at USD 26.34 billion in 2019 and is expected to reach USD 34.59 billion by 2025, at a CAGR of 4.65% over the forecast period 2020 – 2025.
Now in its 94th year, the World Oil Forecast/Review is one of the upstream oil and gas industry's most trusted sources of projections and data relating to global
12 Feb 2020 Global benchmark Brent crude has fallen to around $55 a barrel this year, alarming producers. In January, OPEC members over-delivered on Crude Oil Price Outlook Mired by Coronavirus, Global GDP Growth. Feb 16, 2020 2:00 AM -08:00. Rich Dvorak, Analyst. Share: 12 Feb 2020 The Organization of the Petroleum Exporting Countries (OPEC) has lowered its forecast for 2020 global oil demand for its crude oil by 200000 14 Feb 2020 On Wednesday, OPEC lowered its outlook for global oil demand growth in 2020 to 0.99 million barrels per day. This was down sharply from 3 Jan 2020 On the supply side, the market should expect Opec+ crude output to a forecast of 1.4mn bl/d of demand growth in 2020, with 1.1mn bl/d of Now in its 94th year, the World Oil Forecast/Review is one of the upstream oil and gas industry's most trusted sources of projections and data relating to global 27 Feb 2020 Rystad Energy has cut its 2020 Brent crude oil price forecast from nearly $60 per barrel to around $56 per barrel.
16 Feb 2020 The International Energy Agency (IEA) has forecast a 435,000 barrel per day ( bpd) drop in global oil demand year-on-year for Q1 2020, due to
From weakening economic growth and intensifying trade tensions to global political risks, our 2020 oil and gas industry outlook takes stock of the main factors to watch in 2020. Save for later 2020 Oil and Gas Industry Outlook Oil consumption outlook depends on global economy in 2020/21 Positive cyclical factors: U.S. Federal Reserve cuts interest rates Other central banks shift to stimulus Fiscal policy switches to expansionary Financial conditions are improving U.S./China phase one trade agreement U.S. presidential election Political business cycle? The global oil market in 2020 Using data from The Economist Intelligence Unit's Oil Adequacy Index, this special report takes a look at the state of the global oil market and what to expect throughout 2020. Oil prices will likely be boosted by the higher cuts in supply committed to by the Organization of the Petroleum Exporting Countries and its allies (OPEC+) and the envisaged rebound in global growth, particularly in EM. J.P. Morgan Research expects the oil price to peak in the first three months of 2020 at $67 per barrel before dampening as increased supply from non-OPEC producers hits the market. 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
18 Dec 2019 The outlook for US shale will most likely be the biggest single oil-specific factor to decide crude's path next year. The sector has shown
12 Feb 2020 Global benchmark Brent crude has fallen to around $55 a barrel this year, alarming producers. In January, OPEC members over-delivered on Crude Oil Price Outlook Mired by Coronavirus, Global GDP Growth. Feb 16, 2020 2:00 AM -08:00. Rich Dvorak, Analyst. Share: 12 Feb 2020 The Organization of the Petroleum Exporting Countries (OPEC) has lowered its forecast for 2020 global oil demand for its crude oil by 200000 14 Feb 2020 On Wednesday, OPEC lowered its outlook for global oil demand growth in 2020 to 0.99 million barrels per day. This was down sharply from
Global oil 2020 outlooks stable for producing segments, positive for midstream and refining (slides) 12 Dec 2019 | Moody's Investors Service Our 2020 oil and gas outlooks are stable for the integrated, exploration and production, and oilfield services and drilling sectors, as modest, range-bound oil and gas prices limit their gains in earnings.
OPEC's World Oil Outlook (WOO) is part of the Organization's commitment to market stability. The publication is a means to highlight and further the 11 Mar 2020 OPEC still sees a rise in global crude oil demand for 2020 despite the spread of the coronavirus, but now expects an increase of just 60000 b/d, 11 Mar 2020 The cartel now expects global economic growth at 2.4 percent this year, down from a forecast of 3.0-percent growth in last month's report. “The
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.