Iea global oil demand forecast

6 Mar 2020 The IEA Oil Market Report (OMR) is one of the world's most China and our 2020 base case global oil demand forecast is cut by 1.1 mb/d. Lower-than-expected consumption in the OECD trimmed 2019 growth to 885 kb/ d. The coronavirus outbreak has also led us to revise down the outlook for global  

13 Nov 2018 a peak in 2014, according to the latest World Energy Outlook from the International Energy Agency (IEA). But growing oil and gas demand  13 Nov 2018 Moreover, the IEA expects world oil demand to increase from 94.8 million barrels per day in 2017 to 106.3 million barrels per day in 2040. 17 Jan 2020 Our global demand growth forecasts for 2019 and 2020 remain unchanged, at 1 million barrels per day and 1.2 million barrels per day,” the IEA  13 Feb 2020 Crude oil futures are fractionally lower after OPEC and IEA reports cut back demand forecasts for 2020 due to the virus outbreak. Contributor.

forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, 

17 Dec 2019 Are projections of global oil demand peaking pure speculation? Supplying 33 percent of the world's energy, oil is still the most important fuel. Oil  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. 11 Mar 2020 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  13 Feb 2020 Global oil demand will drop this quarter for the first time in over a decade as IEA sees demand drop of 435,000 barrels a day in first quarter. 9 Mar 2020 “This is a sharp downgrade from the IEA's forecast in February, which predicted global oil demand would grow by 825,000 barrels a day in 

The virus is expected to reduce world oil demand by 1.1 million b/d in Q1 and by 345,000 b/d in Q2, the IEA said, slashing its oil demand forecast for 2020 by almost 500,000 b/d. Overall 2020 oil demand is now forecast at 100.97 million b/d, 480,000 b/d below the IEA's previous estimate.

The IEA cut its oil demand growth estimate for 2019 by 90,000 bpd to 1.3 million bpd. The report also revealed a global supply drop in April of 300,000 bpd, led by Iran, Azerbaijan, Kazakhstan and Canada. Non-OPEC supply is forecast to grow 1.9 million bpd versus 2.8 million bpd last year. Oil demand growth is forecast to accelerate to 1.2 mb/d, supported partly by prices remaining relatively subdued, higher global GDP growth than last year and by progress in settling trade disputes. The OPEC+ countries need to cut output by about 0.3 mb/d in January to comply with their new agreement. Oil 2019, the annual IEA outlook for global oil markets, examines the key issues in demand, supply, refining and trade to 2024. This year, the report covers the following themes: a changed supply picture led by the rise of the United States in world markets thanks to rapidly-growing shale oil In the Stated Policies Scenario, global growth in oil demand slows markedly post-2025 before flattening out in the 2030s. Oil demand for long-distance freight, shipping and aviation, and petrochemicals continues to grow.

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

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  As a result, we forecast the price of Brent crude in nominal terms will climb to around According to the International Energy Agency (IEA), global oil demand in  World. Oil. Outlook. 2040. Organization of the Petroleum Exporting Countries World Oil Refining Logistics Demand: definitions of regions. ANNEX D. 336 IHS has a much lower overall assessment of capacity than OPEC, BP or the IEA. 13 Sep 2018 The Paris-based IEA maintained its forecast of strong growth in global oil demand this year of 1.4 million bpd and another 1.5 million bpd in 

6 Dec 2019 For 2019 and 2020 we have left unchanged our global oil demand growth forecasts at 1 mb/d and 1.2 mb/d, respectively. Faced with potential 

In its closely watched oil-market report, the IEA downgraded its forecast for global oil demand for a second straight month, to 1.2 million barrels a day from 1.3 million barrels a day the The virus is expected to reduce world oil demand by 1.1 million b/d in Q1 and by 345,000 b/d in Q2, the IEA said, slashing its oil demand forecast for 2020 by almost 500,000 b/d. Overall 2020 oil demand is now forecast at 100.97 million b/d, 480,000 b/d below the IEA's previous estimate. Even if global oil demand growth is reduced by 365,000 barrels a day (b/d) from a projected 1.19 mbd to 825,000 b/d in 2020 as the IEA is projecting, total global oil demand would still end the 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 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).

The IEA cut its oil demand growth estimate for 2019 by 90,000 bpd to 1.3 million bpd. The report also revealed a global supply drop in April of 300,000 bpd, led by Iran, Azerbaijan, Kazakhstan and Canada. Non-OPEC supply is forecast to grow 1.9 million bpd versus 2.8 million bpd last year. Oil demand growth is forecast to accelerate to 1.2 mb/d, supported partly by prices remaining relatively subdued, higher global GDP growth than last year and by progress in settling trade disputes. The OPEC+ countries need to cut output by about 0.3 mb/d in January to comply with their new agreement. Oil 2019, the annual IEA outlook for global oil markets, examines the key issues in demand, supply, refining and trade to 2024. This year, the report covers the following themes: a changed supply picture led by the rise of the United States in world markets thanks to rapidly-growing shale oil In the Stated Policies Scenario, global growth in oil demand slows markedly post-2025 before flattening out in the 2030s. Oil demand for long-distance freight, shipping and aviation, and petrochemicals continues to grow. Global oil demand is now expected to see its first quarterly contraction in over a decade, according to the International Energy Agency (IEA). to cut its 2020 growth forecast by 365,000 b/d to On Tuesday the EIA, part of the U.S. Department of Energy, cut its 2019 oil demand growth forecast to 1.01 million barrels a day. That was down by 60,000 barrels a day from the previous month’s The IEA cut its oil demand growth estimate for 2019 by 90,000 bpd to 1.3 million bpd. The report also revealed a global supply drop in April of 300,000 bpd, led by Iran, Azerbaijan, Kazakhstan and