Opec oil demand forecast

19 Aug 2019 The global oil demand growth forecast for 2019 remains at 1.14 million barrels per day (mb/d), with expectations for global oil demand to reach 17 Jun 2019 Both the International Energy Agency (IEA) and OPEC have cut their estimates for 2019 world oil demand growth in their latest monthly reports. 13 Jun 2019 The Organisation of Petroleum Exporting Countries (OPEC) has cut its forecast for global oil demand growth and warned of further potential 11 Jul 2019 Historical recap 2018 Short term Up to 2022 Mid to long term Up to 2035 Accelerated transition Up to 2035. Global Oil Supply and Demand 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. The report provides a detailed analysis of key developments impacting oil market trends in world oil demand, supply as well as the oil market balance.

In its report, OPEC projected that global oil consumption in 2020 will average 100.73 million bpd. That is a 990,000 bpd rise from 2019, which is down from January’s growth forecast of 1.22

The OPEC oil cartel on Wednesday lowered its forecast for growth in global oil demand this year by nearly a fifth due to the impact of the coronavirus outbreak in China. In its monthly report on the world's oil market, OPEC said it now expects growth in global oil demand of 0.99 million barrels per day (mbd) this year, down from the 1.22 mbd forecast last month.

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 12 Feb 2020 OPEC slashed forecasts for global oil demand as the coronavirus hits fuel use in China, leaving the group facing a renewed glut despite its 16 Jan 2020 Paris: OPEC on Wednesday raised its 2020 estimate for growth in global demand for oil, while noting that increased output from non-OPEC 11 Mar 2020 OPEC on Wednesday slashed its forecast for global growth in oil demand this year due to the coronavirus outbreak and said further cuts may 5 Mar 2020 In its proposal, OPEC said the coronavirus epidemic had “a major adverse impact ” on economic and oil demand forecasts. IHS Markit forecast

11 Mar 2020 Opec has slashed its forecast for 2020 global oil demand growth again to reflect the effect of the coronavirus outbreak on consumption, and it

10 Aug 2017 Crude prices hit 11-week highs on Thursday as Opec raised global oil demand forecasts for this year and next while lowering estimates for 18 Aug 2019 In its monthly report, the Organisation of Petroleum Exporting Countries (OPEC) revised its oil market outlook for 2019. It cut its forecast by 19 Aug 2019 The global oil demand growth forecast for 2019 remains at 1.14 million barrels per day (mb/d), with expectations for global oil demand to reach 17 Jun 2019 Both the International Energy Agency (IEA) and OPEC have cut their estimates for 2019 world oil demand growth in their latest monthly reports. 13 Jun 2019 The Organisation of Petroleum Exporting Countries (OPEC) has cut its forecast for global oil demand growth and warned of further potential 11 Jul 2019 Historical recap 2018 Short term Up to 2022 Mid to long term Up to 2035 Accelerated transition Up to 2035. Global Oil Supply and Demand

Even with OPEC slashing 230,000 b/d from global demand growth for the full year, global oil consumption will still grow by 1.0 million barrels a day (mbd) to 102 mbd in 2020.

18 Aug 2019 In its monthly report, the Organisation of Petroleum Exporting Countries (OPEC) revised its oil market outlook for 2019. It cut its forecast by 19 Aug 2019 The global oil demand growth forecast for 2019 remains at 1.14 million barrels per day (mb/d), with expectations for global oil demand to reach