- OPEC sees 2020 world oil demand declining by 9.06 mbpd, bigger drop than 8.95 mbpd previously forecast
Market news
12 tháng 8 2020
OPEC sees 2020 world oil demand declining by 9.06 mbpd, bigger drop than 8.95 mbpd previously forecast
- Expects oil prices in H2 to continue to be impacted by concerns over the second wave of coronavirus infections and higher global inventories
- Says H2 outlook points to need for continued efforts to support market rebalancing through OPEC+ production adjustments
- Expects 2021 oil demand to grow by 7 mbpd but notes that large uncertainties prevail and may result in negative impact going forward
- Cuts forecast for global demand for OPEC's crude by 400,000 bpd in 2020 and by 500,000 bpd in 2021, partly due to higher non-OPEC supply
- Says OPEC's July output grew by 980,000 bpd to 23.17 mbpd, while compliance slipped to 97%
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