Opec oil and gas outlook
By 2025, OPEC production levels, including natural gas liquids, rise to 54 mb/d. However, even then, non-OPEC countries will account for the larger part of world oil production. These projections underline the need for substantial investment along the entire hydrocarbon supply chain. In mid-November, gas hit its yearly high of just below US$5; it has sat between US$4.29 and US$5 since. As 2018 comes to a close, the Investing News Network is looking back at the main trends in the oil and gas space during the year, and at what the oil and gas outlook is for 2019. Five oil and gas industry and chemicals industry trends. In 2018, global oil demand looks likely to have breached 100 MMbbl/d for the first time, natural gas continues to expand its share of key markets, and the chemicals industry has seen strong revenue growth. Oil Price Forecast 2025 and 2050 The EIA forecasts that, by 2025, the average price of a barrel of Brent crude oil will rise to $81.73/b. This figure is in 2018 dollars, which removes the effect of inflation. OPEC sees bearish oil outlook for the rest of 2019, points to 2020 surplus. OPEC provided a downbeat oil-market outlook for the rest of 2019 as economic growth slows and highlighted challenges in 2020 as rivals pump more. The report is building a case to keep up an OPEC-led pact to restrain supplies. OPEC Secretary General Mohammed Barkindo discusses OPEC's World Oil Outlook, which shows market share for oil and gas dropping just one percent by 2040. OPEC downwardly revised its outlook for global oil demand growth to 0.99 million barrels per day (bpd) in 2020. That's down by 0.23 million bpd from the previous month's estimate.
Nov 8, 2019 OPEC Looks Ahead and Sees Oil's Plateau members' contribution to the global supply of crude oil, natural gas liquids and other liquid fuels.
Nov 5, 2019 LOWER DEMAND FORECAST. OPEC, a 14-country, Middle East-dominated producer group that counts world No. 1 oil exporter Saudi Arabia, That's according to the Short-term Energy Outlook by the U.S. Energy Information On March 6, 2020, OPEC increased output to offset falling oil prices. The oil market outlook is not just a matter for energy companies: it's an issue for The largest increments of new OPEC supply will come from natural gas liquids. Feb 13, 2020 Oil prices have dropped after OPEC and the IEA predicted a decline in demand in their annual fuel outlook reports for 2020. Now, when OPEC cuts production, unconventional producers who are efficient enough to be profitable at an oil price of USD50-55 per barrel, and probably even Nov 14, 2019 The sharp rise of U.S. shale oil and gas has combined in recent months with sagging economic data and the continuing U.S.-China trade war to Nov 5, 2019 The report also suggests that oil and gas are still expected to meet more than 50 percent of the world's energy needs by the end of the forecast
Mar 11, 2020 STEO forecast in the crude oil section of the Petroleum and Natural Gas EIA forecasts OPEC crude oil production will average 29.2 million
Oil analytics firm OilX sees a gradual evolution of the 2020s market balance, 2018 was increasingly gloomy, as economic and political factors spook oil and gas The latest forecasts from the IEA and Opec offer very different pictures of the Nov 5, 2019 OPEC's World Oil Outlook for 2019 found that output will fall over the next five years, while America's shale oil production will overtake that
Oil Market Outlook Is Bearish And OPEC Triumphalism Won't Stop 2020 From Getting Ugly Gaurav Sharma Contributor Opinions expressed by Forbes Contributors are their own.
The ‘Global Oil Outlook to 2025’ offers both challenges and opportunities, from the supply and demand perspectives, as well as from the standpoint of both upstream and downstream, in terms of investment, and with regard to technology and the environment. The central thrust of these challenges and opportunities is global energy security for all. OPEC sees bearish oil outlook for the rest of 2019, points to 2020 surplus. OPEC provided a downbeat oil-market outlook for the rest of 2019 as economic growth slows and highlighted challenges in 2020 as rivals pump more. The report is building a case to keep up an OPEC-led pact to restrain supplies. Oil Market Outlook Is Bearish And OPEC Triumphalism Won't Stop 2020 From Getting Ugly Oil and gas markets can be highly volatile and opinions in the sector may change instantaneously and
Nick Cunningham is an independent journalist, covering oil and gas, energy and environmental policy, and international politics. He is based in Portland, Oregon. More Info
The oil market outlook is not just a matter for energy companies: it's an issue for The largest increments of new OPEC supply will come from natural gas liquids. Feb 13, 2020 Oil prices have dropped after OPEC and the IEA predicted a decline in demand in their annual fuel outlook reports for 2020. Now, when OPEC cuts production, unconventional producers who are efficient enough to be profitable at an oil price of USD50-55 per barrel, and probably even Nov 14, 2019 The sharp rise of U.S. shale oil and gas has combined in recent months with sagging economic data and the continuing U.S.-China trade war to Nov 5, 2019 The report also suggests that oil and gas are still expected to meet more than 50 percent of the world's energy needs by the end of the forecast
Feb 12, 2020 OPEC has cut its forecast for oil demand growth this year, citing China's exacerbated the impact on transportation fuel demand in China, as it Nov 8, 2019 OPEC Looks Ahead and Sees Oil's Plateau members' contribution to the global supply of crude oil, natural gas liquids and other liquid fuels. Mar 11, 2020 STEO forecast in the crude oil section of the Petroleum and Natural Gas EIA forecasts OPEC crude oil production will average 29.2 million Nov 5, 2019 LOWER DEMAND FORECAST. OPEC, a 14-country, Middle East-dominated producer group that counts world No. 1 oil exporter Saudi Arabia, That's according to the Short-term Energy Outlook by the U.S. Energy Information On March 6, 2020, OPEC increased output to offset falling oil prices. The oil market outlook is not just a matter for energy companies: it's an issue for The largest increments of new OPEC supply will come from natural gas liquids.