Iea oil forecast 2020
The IEA slashed its demand forecast for the first quarter of 2020, predicting that quarterly oil demand growth will turn negative for the first time in a decade The International Energy Agency (IEA) has cut its oil demand growth forecast for the year as the coronavirus outbreak in China continues to take a toll on the global economy. IEA noted that China For 2020, IEA’s oil demand outlook is cut back to a still solid 1.2 million b/d due to a weaker GDP growth forecast. Therefore, US oil production could average less than 11 mbd in 2019 and not 12.29 mbd as the US Energy Information Administration (EIA) is claiming and around 10 mbd if not less in 2020.
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
9 Mar 2020 IEA revises down forecast for global oil demand in 2020 by about 1 million barrels a day. Global oil demand set to see first quarterly decline in over 10 years, IEA says. Published Thu, Feb 13 20204:00 AM EST. Holly Ellyatt@HollyEllyatt. Key Points. 11 Mar 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 15 Feb 2020 The IEA slashed its demand forecast for the first quarter of 2020, predicting that quarterly oil demand growth will turn negative for the first time in Peak oil is the point at which oil production, sometimes including unconventional oil sources, They stated that the IEA production plateau prediction uses purely economic models, which rely on an ability to raise are expected to permit increasing production until at least 2020 - see also the graph Canadian Oil Production.
15 Nov 2019 OPEC's monthly report lowered its non-OPEC production growth estimate for 2020. "IEA Raises Forecast for Non-OPEC Oil Supply Growth in
The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil market – including Data, forecasts and analysis on the global oil market text due to the release of Oil 2020 on the same day (provided free of charge to OMR subscribers). In the 1 Jan 2020 The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil 9 Mar 2020 IEA revises down forecast for global oil demand in 2020 by about 1 million barrels a day. Global oil demand set to see first quarterly decline in over 10 years, IEA says. Published Thu, Feb 13 20204:00 AM EST. Holly Ellyatt@HollyEllyatt. Key Points. 11 Mar 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 15 Feb 2020 The IEA slashed its demand forecast for the first quarter of 2020, predicting that quarterly oil demand growth will turn negative for the first time in
Annual Report · Joint IEA-IEF-OPEC Reports · OPEC, IEA, OECD, WB Joint Report · Review and 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. MOMR Appendix Tables (March 2020). Excel
4 days Major Bank Slashes Oil Price Forecast By IEA: Price Spike Coming In 2020 By Nick years and a risk to the stability of oil prices,” Neil Atkinson, head of the IEA’s oil Since its inception in 1983, the IEA's Oil Market Report (OMR) has become recognised as one of the world’s most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for OECD and selected non-OECD countries. EIA forecasts OPEC crude oil production will average 29.2 million barrels per day (b/d) from April through December 2020, up from an average of 28.7 million b/d in the first quarter of 2020. EIA forecasts OPEC crude oil production will rise to an average of 29.4 million b/d in 2021. Global oil demand expected to decline as the impact of the new coronavirus spreads around the world. The situation remains very fluid, however, making it extremely difficult to assess the full impact. Oil Market Report - March 2020 Despite forecast annual average growth of 0.8 million b/d in 2020, EIA expects monthly U.S. crude oil production to begin declining around May, with production falling from 13.2 million b/d in May to 12.8 million b/d in December 2020. Based on the lower crude oil price forecast, EIA expects U.S. retail prices for regular grade gasoline to average $2.14 per gallon (gal) in 2020, down from $2.60/gal in 2019.
6 days Major Bank Slashes Oil Price Forecast By $16. IEA: Huge Oil Glut Coming In 2020 By Nick Cunningham the IEA said that the oil market saw a surplus of about 0.5 mb/d in the second
9 Mar 2020 IEA revises down forecast for global oil demand in 2020 by about 1 million barrels a day. Global oil demand set to see first quarterly decline in over 10 years, IEA says. Published Thu, Feb 13 20204:00 AM EST. Holly Ellyatt@HollyEllyatt. Key Points. 11 Mar 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 15 Feb 2020 The IEA slashed its demand forecast for the first quarter of 2020, predicting that quarterly oil demand growth will turn negative for the first time in Peak oil is the point at which oil production, sometimes including unconventional oil sources, They stated that the IEA production plateau prediction uses purely economic models, which rely on an ability to raise are expected to permit increasing production until at least 2020 - see also the graph Canadian Oil Production.
The International Energy Agency (IEA) has cut its oil demand growth forecast for the year as the coronavirus outbreak in China continues to take a toll on the global economy. IEA noted that China For 2020, IEA’s oil demand outlook is cut back to a still solid 1.2 million b/d due to a weaker GDP growth forecast.