Global Oil Demand Forecast

The OMR is the exclusive source for official government statistics from all OECD countries as well as selected non-OECD countries together with both historical datasets and supply-and-demand forecasts for the year ahead. Global oil demand is expected to recover by 55 mbd to 966 mbd in 2021 following an unprecedented collapse of 88 mbd in 2020.

Eia Lowers 2020 Oil Demand Forecast Amid High Uncertainties Oil Gas Journal

Global Fuel Oil Market By Function Component Enterprise Size End User Segmentation Region Industry Analysis Development Status Demand and Forecast 2021 - 2024 updated 2021-05-03 031833.

Global oil demand forecast. We forecast that consumption will increase by 37 million bd in 2022 to average 1013 million bd. Oil demand traders will be watching for reports on crude and. The OPEC joint technical committee JTC has kept its forecast for growth in global oil demand this year but is concerned about surging COVID.

We revised growth in global liquid fuels consumption in 2021 higher from last STEO. In our base case which takes into account current industry plans government policies and existing energy transition initiatives global oil demand is forecast to rise by 35 mbd between 2019 and 2025. The firm is raising its outlook on oil.

We forecast that global consumption of petroleum and liquid fuels will average 977 million bd for all of 2021 which is up by 55 million bd from 2020. Goldman Sachs is forecasting the largest jump in oil demand on record as the world opens up again amid the Covid-19 vaccination rollout. May 04 2021 The Expresswire -- Final Report will add the analysis of the impact of COVID-19 on this industry Global Hydraulic Oil Market Research.

Oil Price Fundamental Daily Forecast Rising Gasoline Demand Expectations Setting Bullish Tone For further signs of rising US. Watch for more news articles provided throughout the. Global oil demand is expected to fall by a record 93 mbd year-on-year in 2020.

The OPEC projects global oil product demand to reach 109 million barrels per day by 2045 with transportation fuels such as gasoline and diesel expected to remain the most consumed products. It boosted projections for global oil demand in the fourth quarter by 970000 barrels a day and requirements for its. It represents a downward revision of over 1 million bd when compared to the 2040 levels projected in the.

International Energy Agency. Global oil demand stood at 997 million bd in 2019. For now a resurgence in Covid-19 cases is slowing the rebound but a widespread vaccination effort and an acceleration in economic activity is expected to spur stronger growth in the second half of the year.

The impact of containment measures in 187 countries and territories has been to bring mobility almost to a halt. In its latest Monthly Oil Market Report the International Energy Agency IEA revised up its 2021 global oil demand growth forecast by. Demand in April is estimated to be 29 mbd lower than a year ago down to a level last seen in 1995.

Still OPEC expects the demand outlook to brighten in the second half of 2021. LONDON Bloomberg --The International Energy Agency bolstered forecasts for global oil demand this year as the economy recovers from the pandemic and said that a lingering glut in supplies is. Featuring tables graphs and statistics the OMR provides all the data necessary to perform ad-hoc analysis and track oil market developments and to identify trends in production.