Iea global oil supply and demand
13 Feb 2019 The global oil market will struggle this year to absorb fast-growing crude supply from outside OPEC, even with production cuts and U.S. 9 Jul 1999 7 year on year % growth in global oil demand excluding FSU When submitting their monthly oil statistics, IEA Member countries periodically Global oil demand is now expected to see its first quarterly contraction in over a decade, according to the International Energy Agency (IEA), as the new coronavirus and widespread shutdown of 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. 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. The IEA raised its estimate of growth in crude supply from outside the Organization of the Petroleum Exporting Countries to 1.8 million bpd in 2019, from 1.6 million bpd previously. The agency also lowered its forecast for demand for OPEC crude, IEA reduces 2020 global oil demand growth forecast to 825,000 b/d. Global oil demand has been hit hard by the coronavirus and the widespread shutdown of China’s economy. Demand is now expected
Oil supply and demand in 2019. The IEA says the picture of oil supply and demand will continue to evolve over the remainder of 2019, but as it stands concerns abound for any in the business of market management. As recently as January last year, experts were predicted a decade’s worth of exponential growth in oil demand.
Oil statistics 2019, World oil supply and demand, 1971-2018. 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 Global oil markets are tightening as OPEC supply falls, the International Energy Agency said, while warning it could lower demand forecasts because of economic threats. Oil supply and demand in 2019. The IEA says the picture of oil supply and demand will continue to evolve over the remainder of 2019, but as it stands concerns abound for any in the business of market management. As recently as January last year, experts were predicted a decade’s worth of exponential growth in oil demand. 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 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
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
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 The IEA said oil prices, which briefly touched a high of $71 a barrel in January, could be supported even if U.S. production rises, provided global growth remains strong, or if unplanned supply
13 Feb 2020 Even threats to security of supply, e.g. tension in Iraq, a 1 million b/d fall in Libyan oil production, and force majeure declared for some Nigerian
3 Jan 2020 Global Oil Supply Glut Gives Trump Room To Maneuver On Iran latest supply cut deal and an improved global demand outlook as a result of the The IEA assesses global spare capacity at roughly 3.1 million barrels a day, 12 Dec 2019 Crude oil prices today - Oilprice.com The IEA cut its forecast for non-OPEC supply growth from 2.3 mb/d to 2.1 mb/d, due to weaker “[W]ith our demand outlook unchanged, there could still be a surplus of 0.7 mb/d in the 15 Nov 2019 The agency held its global economic growth estimates and its oil demand growth estimates for 2019 and 2020 in the report, a rarity in recent 11 Mar 2019 Peak demand? The IEA's Oil 2019 report also challenges the commonly held notion that the world will soon see peak oil demand. Whilst the
3 Jan 2020 Global Oil Supply Glut Gives Trump Room To Maneuver On Iran latest supply cut deal and an improved global demand outlook as a result of the The IEA assesses global spare capacity at roughly 3.1 million barrels a day,
3 Jan 2020 Global Oil Supply Glut Gives Trump Room To Maneuver On Iran latest supply cut deal and an improved global demand outlook as a result of the The IEA assesses global spare capacity at roughly 3.1 million barrels a day, 12 Dec 2019 Crude oil prices today - Oilprice.com The IEA cut its forecast for non-OPEC supply growth from 2.3 mb/d to 2.1 mb/d, due to weaker “[W]ith our demand outlook unchanged, there could still be a surplus of 0.7 mb/d in the
20 Jan 2020 OPEC's supply-demand balances show that global oil stockpiles have fallen by 653 million barrels since the output cuts were introduced at the Annual Report · Joint IEA-IEF-OPEC Reports · OPEC, IEA, OECD, WB Joint Report 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 market trends in world oil demand, supply as well as the oil market balance.