OPEC forecasts 2021 global oil demand up 5.9 mbpd versus 6.25 mbpd in prior monthly forecast

Market news

14 December 2020

OPEC forecasts 2021 global oil demand up 5.9 mbpd versus 6.25 mbpd in prior monthly forecast

Forecasts 2020 global oil demand down 9.77 mbpd versus 9.75 mbpd in prior monthly forecast

Lower 2021 oil demand view reflects uncertainty around COVID-19 impact on OECD-transport fuel use in H1 2021 and forecast of mild winter

Recent vaccine news is upside risk

Says OPEC's oil output rose 710,000 bpd in November to 25.11 million bpd, driven by Libya recovery

Three risks for the bright outlook of risk assets in 2021 - Rabobank

Eurozone industrial production remains strong despite second wave - ING

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