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.

Oil 2018 is the annual five-year IEA forecast of global oil demand, supply refining, and trade. Global oil demand growth remains healthy driven by developing countries in Asia, even as oil consumption growth slows down in the People's Republic of China due to new environmental policies designed to curb air pollution. 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. 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. 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.

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.

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 In its latest Oil Market Report, the agency predicts that demand will grow by 1 million barrels per day (mb/d) in 2019 and 1.2 mb/d in 2020, both of which are downward revisions by 100,000 bpd 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: Global oil supply will outpace demand throughout 2019. Global oil supply will outpace demand throughout 2019, the International Energy Agency forecasted in its latest Oil Market Report. Oil 2018 is the annual five-year IEA forecast of global oil demand, supply refining, and trade. Global oil demand growth remains healthy driven by developing countries in Asia, even as oil consumption growth slows down in the People's Republic of China due to new environmental policies designed to curb air pollution. 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. 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.

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.

The Paris-based IEA kept its 2019 forecast for global oil demand growth at 1.4 million barrels per day, unchanged from its projection last month, and said it expected growth of 1.3 million bpd 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: Global oil supply will outpace demand throughout 2019. Global oil supply will outpace demand throughout 2019, the International Energy Agency forecasted in its latest Oil Market Report.

16 Aug 2019 The IEA lowered oil demand growth for 2019 by 100,000 b/d to 1.1 The IEA highlighted that while global oil supply in July fell below year 

OPEC shaved 230,000 b/d off its 2020 world oil demand growth forecast. On stocks, the IEA said OECD industry inventories held largely steady in December at 2.91 billion barrels as a build in product inventories more than offset lower crude holdings. Total oil stocks stood 26.4 million above the five-year average and covered 61 days of forward demand. Besides lowering its demand outlook, stronger prices also prompted the IEA to increase estimates for supply from OPEC’s rivals, particularly the U.S. Production outside the Organization of Petroleum Exporting Countries will grow by 1.87 million barrels a day this year, The International Energy Agency has said from July through September, global production of crude oil will fall behind demand by almost 1 million barrels a day.

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

Besides lowering its demand outlook, stronger prices also prompted the IEA to increase estimates for supply from OPEC’s rivals, particularly the U.S. Production outside the Organization of Petroleum Exporting Countries will grow by 1.87 million barrels a day this year,

11 Mar 2019 The United States will drive global oil supply growth over the next five The IEA forecasts demand for OPEC crude will drop in 2020 and then  12 Oct 2018 The world has hit "new twin peaks for demand and supply" of oil at 100 million barrels a day, the International Energy Agency (IEA) announced "It's an extraordinary achievement for the global oil industry to meet the needs  The March OMR will have the usual data and projections through end-2020, but with abridged text due to the release of Oil 2020 on the same day (provided free of charge to OMR subscribers). In the June report, supply and demand forecasts will be extended to 2021. 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. Oil 2019, the annual IEA outlook for global oil markets, examines the key issues in demand, supply, refining and trade to 2024. 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 In its latest Oil Market Report, the agency predicts that demand will grow by 1 million barrels per day (mb/d) in 2019 and 1.2 mb/d in 2020, both of which are downward revisions by 100,000 bpd