The International Energy Agency (IEA) has forecast a 435,000 barrel per day (bpd) drop in global oil demand year-on-year for Q1 2020, due to the coronavirus outbreak. This is the first quarterly drop in demand in more than 10 years. The IEA cut its 2020 growth forecast by 365,000 bpd down to 825,000 bpd, which is the lowest since 2011.

25 Nov 2014 In the latest World Energy Outlook report from the International Energy According to the IEA's Central Scenario, global oil demand will  13 Jul 2017 Global oil demand is forecast to 98 million barrels a day this year, driven in part The more robust demand outlook has yet to help OPEC—with  11 Sep 2019 International Energy Agency (IEA) and other credible third-party Global sector demand – million oil-equivalent barrels per day (MBDOE). 11 Mar 2018 That, combined with demand growth, means that the oil industry needs to replace “one North Sea each year,” the IEA says. But the industry is no 

EIA has identified an issue with the factors we used to convert data measured by energy content (British thermal units) to volumetric measurements (barrels) in the International Energy Outlook 2019 oil supply tables. As a result, we have removed the relevant tables and analysis, and we are investigating the issue.

5 Mar 2020 Argus provides commodity news and insights from around the world, The IEA is likely to revise its oil demand growth outlook in line with  12 Nov 2019 The Paris-based IEA, which advises Western governments on energy policy, said in its annual World Energy Outlook for the period to 2040 that  13 Feb 2020 The IEA noted that since 2003 China has become more integrated with global supply chains, its tourism sector has dramatically expanded and  13 Feb 2020 Oil prices have dropped after OPEC and the IEA predicted a decline in (IEA) predicted a decline in demand in their annual fuel outlook OPEC has also lowered its 2020 demand forecast, cutting crude by 200,000bpd. 14 Nov 2019 By that time, the use of oil-based fuels in passenger cars will have peaked, the IEA said in its longterm World Energy Outlook. “Oil demand 

16 Feb 2020 Now that the demand outlook has weakened, prices have moved significantly down." Prior to the outbreak, producers were expecting the market 

The International Energy Agency (IEA) has forecast a 435,000 barrel per day (bpd) drop in global oil demand year-on-year for Q1 2020, due to the coronavirus outbreak. This is the first quarterly drop in demand in more than 10 years. The IEA cut its 2020 growth forecast by 365,000 bpd down to 825,000 bpd, which is the lowest since 2011. Petrochemicals to drive global oil demand to 2050: IEA. Petrochemicals, especially the rising consumption of plastics, are becoming the largest drivers of global crude oil demand, the International Energy Agency (IEA) said in a new report issued last week. 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 Rising use of plastics to drive oil demand to 2050: IEA. LONDON (Reuters) - Plastics and other petrochemical products will drive global oil demand to 2050, offsetting slower consumption of motor fuel, the International Energy Agency (IEA) said on Friday. Home; General Interest; IEA: Oil demand on a rising trajectory by 2040. According to the International Energy Agency’s World Energy Outlook 2017, up until the mid-2020s, oil demand growth EIA expects global petroleum and liquid fuels consumption will average 99.1 million b/d in the first quarter of 2020, a decline of 0.9 million b/d from the same period in 2019. EIA expects global petroleum and liquid fuels demand will rise by less than 0.4 million b/d in 2020 and by 1.7 million b/d in 2021. Annual demand growth and sector contributions. The industrial sector (including the non-combusted use of fuels) currently consumes around half of all global energy and feedstock fuels, with residential and commercial buildings (29%) and transport (21%) accounting for the remainder.

The IEA pointed to sluggish refining activity in the first three quarters of 2019 as contributing to a decline in crude oil demand of 300,000 barrels a day year-on-year, and the agency expects

14 Nov 2019 For a technical analysis on WEO 2019, read my colleague Kelly Trout's excellent post on the details of the new report. Source: IEA, Oil Change  12 Nov 2019 The International Energy Agency (IEA) cut its oil demand forecast yet That sector will also have to adapt to new marine fuel specifications  13 Nov 2019 The Paris-based IEA, which advises Western governments on energy policy, said in its annual World Energy Outlook for the period to 2040 that 

Data, forecasts and analysis on the global oil market commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for OECD 

9 Mar 2020 The outlook for oil demand varies dramatically depending on scenario. Under the This is equal to 6% of global energy sector GHG emissions. Data, forecasts and analysis on the global oil market commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for OECD  13 Feb 2020 Global oil demand is now expected to see its first quarterly contraction in over a decade, according to the International Energy Agency (IEA).

Are projections of global oil demand peaking pure speculation? Supplying 33 percent of the world’s energy, oil is still the most important fuel. Oil meets over 95 percent of transportation needs EIA has identified an issue with the factors we used to convert data measured by energy content (British thermal units) to volumetric measurements (barrels) in the International Energy Outlook 2019 oil supply tables. As a result, we have removed the relevant tables and analysis, and we are investigating the issue. The International Energy Agency (IEA) has forecast a 435,000 barrel per day (bpd) drop in global oil demand year-on-year for Q1 2020, due to the coronavirus outbreak. This is the first quarterly drop in demand in more than 10 years. The IEA cut its 2020 growth forecast by 365,000 bpd down to 825,000 bpd, which is the lowest since 2011. Petrochemicals to drive global oil demand to 2050: IEA. Petrochemicals, especially the rising consumption of plastics, are becoming the largest drivers of global crude oil demand, the International Energy Agency (IEA) said in a new report issued last week. 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