Iea oil forecast 2020

6 Mar 2020 Covid-19 (coronavirus) has spread beyond China and our 2020 base case global oil demand forecast is cut by 1.1 mb/d. For the first time since 

The International Energy Agency (IEA) cut its global oil demand growth forecasts for this year and next on Friday, citing fears of an economic downturn as the U.S.-China trade war casts a shadow 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. IEA keeps its 2020 6 days Major Bank Slashes Oil Price Forecast By $16. IEA: Huge Oil Glut Coming In 2020 By Nick Cunningham the IEA said that the oil market saw a surplus of about 0.5 mb/d in the second 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 4 days Major Bank Slashes Oil Price Forecast By IEA: Price Spike Coming In 2020 By Nick years and a risk to the stability of oil prices,” Neil Atkinson, head of the IEA’s oil

4 days Major Bank Slashes Oil Price Forecast By IEA: Price Spike Coming In 2020 By Nick years and a risk to the stability of oil prices,” Neil Atkinson, head of the IEA’s oil

Despite forecast annual average growth of 0.8 million b/d in 2020, EIA expects monthly U.S. crude oil production to begin declining around May, with production falling from 13.2 million b/d in May to 12.8 million b/d in December 2020. Based on the lower crude oil price forecast, EIA expects U.S. retail prices for regular grade gasoline to average $2.14 per gallon (gal) in 2020, down from $2.60/gal in 2019. Annual Energy Outlook 2020. The Annual Energy Outlook presents an assessment by the U.S. Energy Information Administration of the outlook for energy markets through 2050.. Full report PDF PPT. Webcast of release The IEA slashed its demand forecast for the first quarter of 2020, predicting that quarterly oil demand growth will turn negative for the first time in a decade The International Energy Agency (IEA) has cut its oil demand growth forecast for the year as the coronavirus outbreak in China continues to take a toll on the global economy. IEA noted that China

Despite forecast annual average growth of 0.8 million b/d in 2020, EIA expects monthly U.S. crude oil production to begin declining around May, with production falling from 13.2 million b/d in May to 12.8 million b/d in December 2020. Based on the lower crude oil price forecast, EIA expects U.S. retail prices for regular grade gasoline to average $2.14 per gallon (gal) in 2020, down from $2.60/gal in 2019.

13 Feb 2020 In its monthly oil market report, the International Energy Agency cuts the 2020 oil demand growth forecast by 365000 bpd to 825000 bpd on  March 13, 2020. IEA Sees Drop in Oil Demand. "The immediate outlook for the oil market will ultimately depend on how quickly governments move to contain the 

15 Feb 2020 The IEA slashed its demand forecast for the first quarter of 2020, predicting that quarterly oil demand growth will turn negative for the first time in 

4 days Major Bank Slashes Oil Price Forecast By IEA: Price Spike Coming In 2020 By Nick years and a risk to the stability of oil prices,” Neil Atkinson, head of the IEA’s 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. 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. Global oil demand expected to decline as the impact of the new coronavirus spreads around the world. The situation remains very fluid, however, making it extremely difficult to assess the full impact. Oil Market Report - March 2020 Despite forecast annual average growth of 0.8 million b/d in 2020, EIA expects monthly U.S. crude oil production to begin declining around May, with production falling from 13.2 million b/d in May to 12.8 million b/d in December 2020. Based on the lower crude oil price forecast, EIA expects U.S. retail prices for regular grade gasoline to average $2.14 per gallon (gal) in 2020, down from $2.60/gal in 2019.

Oil Price Fundamental Daily Forecast – IEA Sees Oversupplied Market, OPEC Forecasts Deficit. OPEC and the IEA appear to be at odds about supply in 2020, 

1 Jan 2020 The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil  9 Mar 2020 IEA revises down forecast for global oil demand in 2020 by about 1 million barrels a day. Global oil demand set to see first quarterly decline in over 10 years, IEA says. Published Thu, Feb 13 20204:00 AM EST. Holly Ellyatt@HollyEllyatt. Key Points.

13 Feb 2020 In its monthly oil market report, the International Energy Agency cuts the 2020 oil demand growth forecast by 365000 bpd to 825000 bpd on  March 13, 2020. IEA Sees Drop in Oil Demand. "The immediate outlook for the oil market will ultimately depend on how quickly governments move to contain the  published : 9 Mar 2020 at 16:45. writer: AFP. 0; 1. Oil demand tumbled by over 4 % in February according to IEA estimates, mostly due to China. production cuts -- the International Energy Agency chopped its current demand forecast by 1.1  9 Mar 2020 This is a sharp downgrade from the IEA's forecast in February, which predicted global oil demand would grow by 825,000 barrels a day in 2020  9 Mar 2020 “This is a sharp downgrade from the IEA's forecast in February, which predicted global oil demand would grow by 825,000 barrels a day in 2020,"  13 Feb 2020 According to the IEA, global oil demand in the first quarter of 2020 could fall by 435,000 barrels per day year-on-year, its first quarterly contraction  20 Jan 2020 That's the bottom line from a comparison of supply-and-demand forecasts provided by OPEC, the International Energy Agency in Paris, and the