Eia crude oil demand forecast
EIA revises its crude oil price forecast upward as supply expectations change tags: crude oilliquid fuelsoil/petroleumpricesproduction/supply. EIA expects less electricity to come from coal this summer as natural gas, renewables rise tags: coalelectricitygenerationnatural gasrenewables. The forecast comes on top of an oil market that already fears a slowing demand for crude. The EIA cut its 2019 oil demand growth forecast by 70,000 bpd. Its 2020 forecast for global demand growth increased, however, by 30,000 bpd to 1.43 million barrels per day. Oil was trading down again on Wednesday as EIA forecasts global oil consumption growth will average 1.4 million b/d in 2021, and with consumption growth outpacing supply growth, EIA expects inventories to draw by 200,000 b/d. Find data from forecast models on crude oil and petroleum liquids, gasoline, diesel, natural gas, electricity, coal prices, supply, and demand projections and more. Monthly short-term forecasts through the next calender year. Short-Term Energy Outlook Released: the first Tuesday following the first Thursday of each month. 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. In addition to the following highlights, EIA has provided a short summary of the March STEO forecast in the crude oil section of the Petroleum and Natural Gas Markets Review (PNGMR). As a result of the outcome of the March 6 OPEC meeting, EIA’s forecast assumes that OPEC will target market share instead of a balanced global oil market. In the U.S. Energy Information Administration’s (EIA) Annual Energy Outlook 2020 (AEO2020) Reference case, U.S. energy consumption grows more slowly than gross domestic product throughout the projection period (2050) as U.S. energy efficiency continues to increase. This decline in the energy intensity of the U.S. economy continues through 2050.
The EIA pegged its 2020 WTI oil price forecast at $55.71 a barrel, down 6% from its previous view. It also cut its Brent crude price forecast by 5.5% to $61.25 for 2020.
36 Estimates of the year of peak world oil production (US EIA). Peak oil is the point at which oil production, sometimes including unconventional oil sources, However, in the late 1970s and early 1980s, global oil consumption actually dropped (due to According to the World Energy Outlook 2010, conventional crude oil authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, Worldwide crude oil prices will average $43.30 a barrel for 2020 and $55.36/b in The EIA forecast demand will average 100.3 mb/d in the first quarter of 2020. 11 Feb 2020 For 2020, total world output of crude oil and liquid fuels are forecast at 101.97 million barrels a day, while total consumption is seen at 101.74 11 Feb 2020 **"The lower price forecast reflects EIA's expectations of slower growth in global petroleum and liquid fuels consumption in 2020," EIA said.
The petroleum supply situation in the context of historical information and selected prices. Released after. 10:30 a.m., 1:00 p.m.. Highlights. Weekly Petroleum
This week’s domestic crude oil production estimate incorporates a re-benchmarking that affected estimated volumes by less than 50,000 barrels per day, which is about 0.3% of this week’s estimated production total. The petroleum supply situation in the context of historical information and selected prices.
11 Mar 2020 Several recent developments have contributed to significant revisions in EIA's outlook for global oil demand and supply: Slowing forecasts for
28 Jan 2020 EIA forecasts that Brent crude oil spot prices will average $65 in 2020 and $68 in 2021, compared with an average of $64 in 2019. IEA and Opec 6 Nov 2019 Reuters had forecast a decline of 2 MMbbls in API gasoline inventories. So we're seeing a similar trend to the EIA data. OPEC lowered demand 15 Jan 2020 Furthermore, the Organization of Petroleum Exporting Countries (OPEC) has raised the global crude oil demand outlook by 0.14 million barrels 22 Jan 2020 The US Energy Information Administration (EIA) forecasts Brent crude oil spot price will average $65 (£50) per barrel (b) in 2020 and $68 (£52)/b Roland Berger study of oil price forecasts – February 2018, WTI based. Source: Analysis of market dynamics for future oil supply and demand Source: EIA; Rystad Energy; BP Statistical Review of World Energy 2017; Roland Berger.
14 Jun 2019 EIA's lower 2019 Brent price path reflects rising uncertainty about global oil demand growth. EIA forecasts global oil inventories will decline by
11 Mar 2020 Several recent developments have contributed to significant revisions in EIA's outlook for global oil demand and supply: Slowing forecasts for Slow growth in domestic consumption of these fuels leads to increasing exports of crude oil, petroleum products, and liquefied natural gas. click to enlarge.
tags: OPECcrude oilinternationalinventories/stocksliquid the U.S. is coming from refineries. tags: STEOconsumption/demandliquid fuelsoil/petroleum refineries