OPEC expects 2020 world oil demand to drop by 9.46 mbpd compared to its previous forecast of 9.06 mbpd decline

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14 September 2020

OPEC expects 2020 world oil demand to drop by 9.46 mbpd compared to its previous forecast of 9.06 mbpd decline

Expects 2021 oil demand to rise by 6.62 mbpd compared to its previous forecast of 7.0 mbpd rise
Says coronavirus impact remains challenging and requires coordinated policy action from all market participants, including OPEC+
Lowers forecast for global demand for its crude by 700K bpd in 2020 and 1.1mln bpd in 2021, due to higher non-OPEC supply view and lower global demand
Says oil production rose by 760,000 to 24.05 mbpd in August as OPEC+ eased supply cut

Moody’s affirms China's A1 rating with stable outlook

BoE: Impact from policy decision to be limited and short-lived, sterling more sensitive to other factors - TDS

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