Opec oil market report june 2020 adgueuu

Opec oil market report june 2020

18.12.2020

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Aug 17, 2019 The OPEC Reference Basket (ORB) averaged higher in July, up by $1.79, or 2.8 %, month's report, while growth remains forecast at 3.2% for 2020. For 2020, non-OPEC oil supply growth was also revised down by 50 tb/d Jul 5, 2019 In concert with 10 Russian-led non-OPEC producers, the cartel's latest Oil Market Outlook Is Bearish And OPEC Triumphalism Won't Stop 2020 From Getting Ugly The oil market is providing little cheer for the bulls these days. It barely stayed above a dollar on Tuesday (July 2) before returning to 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 an effort to continuously enhance the service provided to our readers, we are pleased to announce that the analysis provided in the OPEC Monthly Oil Market Report is now more accessible than ever. OPEC highlights its 2020 oil market forecast in the July Monthly Oil Market Report (MOMR), released today Vienna, Austria, 11 July 2019. Global economic growth is expected to remain steady at 3.2% in both 2019 and 2020. Global oil demand growth, despite some uncertainty, is forecast at 1.14 mb/d for both 2019 and 2020. Thank you. Your download should automatically begin in a few seconds. If not, please click here to download your copy of the Monthly Oil Market Report. OPEC, in the report, lowered its forecast for world economic growth in 2020 to 3.1% from 3.2% and said next year’s increase in oil demand would be outpaced by “strong growth” in supply from

The OPEC Monthly Oil Market Report (MOMR) covers major issues affecting the world oil The report provides a detailed analysis of key developments impacting oil market trends in world oil demand, Wednesday, 17 June; Tuesday, 14 July; Wednesday, 12 August; Monday, 14 MOMR Appendix Tables (March 2020).

Notes: OPEC and non-OPEC compliance measures crude output. For OPEC supply, Bloomberg uses secondary source data published in the organization’s latest Monthly Oil Market Report. EIA forecasts OPEC crude oil production will rise to an average of 29.4 million b/d in 2021. The OPEC production data in the March STEO include Ecuador, which finalized its withdrawal from OPEC at the March 6 meeting. Beginning with the April 2020 STEO, EIA will include Ecuador’s production volumes in non-OPEC data.

The OPEC Annual Report features a foreword by the Secretary General, reviews of OPEC Member Countries’ economic performances and the world oil market, activities of the OPEC Secretariat and listings of OPEC officials.

OPEC sees total world oil demand averaging 99.8 million barrels a day in 2018 and 100.88 million barrels a day in 2020. OPEC, meanwhile, revised down its forecast for non-OPEC oil supply growth by Opec delivered a downbeat oil market outlook for the rest of 2019 on Friday as economic growth slows and highlighted challenges in 2020 as rivals pump more, building a case to keep up an Opec-led 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 market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Bulls Beware: The 2020 Oil Market Is Quickly Turning Ugly By . Javier Blas Since the publication of the report, the IEA has raised its non-OPEC supply view for 2019, and lowered its demand Mar 11, 2020 The OPEC Monthly Oil Market Report covers major issues affecting the world oil market and provides an outlook for crude oil market developments for the coming year. The report provides

Aug 17, 2019 The OPEC Reference Basket (ORB) averaged higher in July, up by $1.79, or 2.8 %, month's report, while growth remains forecast at 3.2% for 2020. For 2020, non-OPEC oil supply growth was also revised down by 50 tb/d

11 hours ago March 2020. The OPEC MOMR provides a detailed analysis of oil market developments, including oil supply and demand levels, and trends in The call on OPEC crude plunges to 27.2 mb/d in 1Q20, which is 1.7 mb/d below the group's January production of 28.86 mb/d. OECD industry stocks held largely

Sep 12, 2019 In its September Oil Market Report, the International Energy Agency said the requirement for OPEC crude will plunge in the first half of 2020 to 28.3 Global oil demand reached 99.9 million b/d in June, only 155,000 b/d

Opec delivered a downbeat oil market outlook for the rest of 2019 on Friday as economic growth slows and highlighted challenges in 2020 as rivals pump more, building a case to keep up an Opec-led 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 market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries.