IEA keeps its 2020 oil demand growth forecast. Global oil supply tumbled 780,000 b/d in December 2019 as biofuels production declined seasonally and Saudi Arabia reduced output, according to the iea forecasts oil demand at 99.9 mln bpd in 2020, down by 90,000 bpd compared to 2019. Global oil demand will hit a plateau around 2030 as the use of more efficient cars and electric vehicles ends an expansion that dominated the past century, the International Energy Agency predicts. 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 IEA raised its 2040 world oil demand forecast by 1.4 million b/d to 106.3 million b/d to reflect the US' U-turn on fuel-economy targets. **The IEA revised its 2040 estimate for the number of electric cars on road by 7% to 300,000 million.
Global oil demand will hit a plateau around 2030 as the use of more efficient cars and electric vehicles ends an expansion that dominated the past century, the International Energy Agency predicts.
1 Jan 2020 The International Energy Agency's (IEA's) November 2019–released sector exceeded oil and gas supply as the largest investment sector. 27 Feb 2019 due to the “oil-on-water” category; here the IEA estimates a 0.4 mb/d build The IEA and OPEC revised their forecasts for global economic 17 Jun 2019 In its monthly oil market report, the IEA lowered its forecast for global oil demand for a second month in a row, down from 1.3 million barrels a 12 Mar 2019 The International Energy Agency (IEA) is painting a grim outlook for Canadian oil production growth, saying prospects have “significantly 9 Mar 2017 And into that came the IEA, bravely outlining a five-year forecast which they called the Medium-Term Oil Market Report – which is no longer 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 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.
27 Feb 2019 due to the “oil-on-water” category; here the IEA estimates a 0.4 mb/d build The IEA and OPEC revised their forecasts for global economic
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. Oil Oil markets are going through a period of extraordinary change as the United States is increasingly leading the expansion of global oil supplies, and demand is shifting from developed economies and transportation fuels to Asia and petrochemicals. This agreement provides the backdrop to the IEA's latest five-year oil market forecast, which was renamed Market Report Series: Oil 2017 (formerly known as the Medium-Term Oil Market Report). While we cannot know how long the deal will last, it provides clear trends to guide our view of the next five years. Fuel report How the oil and gas industry can step up to the climate challenge. The oil and gas industry is facing increasing demands to clarify the implications of energy transitions for their operations and business models, and to explain the contributions that they can make to reducing greenhouse gas emissions and to achieving the goals of the Paris 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
25 Feb 2020 IEA Chief Fatih Birol hints that growth demand forecasts for crude oil could be revised lower, sending crude oil prices lower for the 4th straight
iea forecasts oil demand at 99.9 mln bpd in 2020, down by 90,000 bpd compared to 2019.
The International Energy Agency cut forecasts for oil demand this year and next because of growing threats to global economic growth, yet warned that dwindling spare oil supplies will keep prices 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 Update: March 3, 2020 EIA has resolved an issue with the factors used to convert data measured by energy content (British thermal units) to volumetric measurements (barrels) in the International Energy Outlook 2019 oil supply tables. Relevant tables and analysis now contain corrected data.
The revisions to full-year oil demand growth by the International Energy Agency (IEA) and the U.S. Energy Information Administration (EIA) were almost small enough to be shrugged off. The real