Global oil supply and demand outlook to 2030
Global oil demand could peak by 2030. Oil and metals trading house Trafigura expects global oil demand to peak as early as 2030, hit potentially by a faster-than-expected take-up of electric vechiles as the shift to cleaner energy gains pace, its CEO Jeremy Weir said Tuesday. Global Downstream Oil Market: Outlook to 2030 - Focus on the Evolution of Refining Utilization, Crude and Products Balances, and Trade Flows - ResearchAndMarkets.com Supply and demand outlook. Strong production increases in the Americas and Middle East will offset falling production in Asia and Africa, leading global crude supply to grow at 0.2 percent per annum to 2035. Meanwhile, refining distillation capacity will grow by 1.2 percent per annum in the next four to five years, adding almost 7 million SUPPLY **The world risks a sharp tightening of oil markets in the 2020s, with too much reliance on US shale to fill a looming supply gap caused by under-investment. **The IEA sees a potential 13 million b/d supply gap opening in 2025 as result of a 'mismatch' between demand and new conventional project approvals.
23 Sep 2018 In a forecast that will dismay environmentalists – and which questions Opec expects global oil demand to reach nearly 112m barrels per day by Most oil companies expect peak oil demand will occur in the 2030s, while
outlook of the energy supply-demand structure in FY2030 from a mid- to long- term liters (crude oil equivalent) in terms of final energy consumption, resulting in 29 Nov 2018 As a result, the share of global demand (less international bunker fuels) from of the 7.1 million barrel per day increase in global oil production to 2025. provider of liquefied natural gas before 2030, as global demand for 23 Nov 2015 2.5) Global Oil Demand VS Production by Region Through 2030 World overall oil consumption is forecast to grow at 1.2%per year over the 23 Sep 2018 In a forecast that will dismay environmentalists – and which questions Opec expects global oil demand to reach nearly 112m barrels per day by Most oil companies expect peak oil demand will occur in the 2030s, while
Gas demand to 2030 expected to grow modestly Demand for North American gas is particularly dependent on the global market, namely liquefied-natural-gas (LNG) exports. Roughly 60 percent of demand growth for natural gas will come from US and Canadian LNG exports, which we project will reach approximately 20 billion cubic feet per day by 2030.
McKinsey Energy Insights (MEI), an energy data and analytics specialist in London, has released its latest Global Oil Supply and Demand Outlook to 2030, which identifies five potential supply and demand scenarios. Global liquids demand (oil, biofuels, and the other liquids conversion technologies) nonetheless is likely to rise by 16.5 Mb/d, exceeding 102 Mb/d by 2030. As is the case in the IEA outlook, consumption growth comes exclusively from rapidly-growing non-OECD economies. BP says oil demand will peak in the 2030s, and that EVs will rise 100-fold to capture about a third of the car market. BP released its annual Energy Outlook, with forecasts through 2040. Unlike in
its oil price assumptions to 2030 in its 2009 Annual Energy Outlook as “global Note: Percentages refer to the share of US in global petroleum production.
In this study, we forecast condensate supply and demand globally using bottom- up We have already seen an increase in US extra-light crude/ condensate 10 Nov 2019 Oil leads and accounts for 35% of global energy supply, and OPEC supplies annual outlook has become more bullish on U.S. shale oil production. Even from 2019-2030, U.S. tight oil output will balloon by another 5.3 28 Dec 2019 The state of the global economy, U.S. oil production and exports growth, and the led by Russia will continue to influence the price of oil through 2030. Energy Agency (IEA) said in its latest annual World Energy Outlook. next eight years it is likely that world crude oil production will plateau in the face The 2008 International Energy Agency world liquids forecast . of North American crude oil production. 2100. 2090. 2080. 2070. 2060. 2050. 2040. 2030. 2020. 4 May 2016 1.4) Growing Energy Demand. 1.5) Global Oil Demand VS Production by Region Through 2030. World overall oil consumption is forecast to Shale supply in US will peak at 14.5 million barrels per day around year 2030, assumptions that defines our forecast for the U.S. LTO supply in the long-term," Sonia Since then, the U.S.' crude oil production, including shale output, soared IBM Global Business Services, through the IBM Institute for Business Value, develops fact-based strategic Oil and Gas production is a technology- pervasive industry solutions, carbon capture and storage and technology outlook projects.
2 Aug 2017 Oil prices are at a historical low because of a market glut. They are likely to move up when the glut clears up. The supply glut started building up
23 Sep 2018 In a forecast that will dismay environmentalists – and which questions Opec expects global oil demand to reach nearly 112m barrels per day by Most oil companies expect peak oil demand will occur in the 2030s, while Price is also key to demand and supply oil supply to between 90 and 95 mbd by 2030, and with no peak in sight by that time. The recent OPEC outlook to 2035 [5] also does not 3 Jan 2020 On the supply side, the market should expect Opec+ crude output to a forecast of 1.4mn bl/d of demand growth in 2020, with 1.1mn bl/d of 7 Nov 2017 Shale oil boom to peak in 2025, decline from 2030 - OPEC in 2025 and start to decline shortly after, with OPEC crude production expected to bbl/day in the 2016-2022 period, according to OPEC's World Oil Outlook report.
Actual future conditions (including economic conditions, energy demand, and energy 2030. Energy Outlook Basis. Energy Supply/Demand. Oil. Gas. Coal. Other 2030. Global Transportation Demand. OECD. MBDOE. 0.6%. 1.7%. Average Monthly average crude oil price (right axis) and global oil supply (left axis). basis with which to measure depletion or forecast future production rates [16] and a global peak in conventional oil production beyond 2030 would require more It is dedicated to the advanced study of contemporary oil markets, production, Oxford Energy Forum – Medium-term Oil Supply Outlook in the Middle East and expansion of global gas supply and demand at least until 2030, and probably Petrochemicals' production to be most important growth driver for global oil demand barrels MMb/d (million barrels per day) oil demand growth between 2020 and 2030. Our supply teams use the demand outlook in fuel specific models to We hope you find the BP Energy Outlook 2030 a useful addition to the global energy of possible policy changes on energy production and consumption. We 2030. Renewables. Nuclear. Hydro. Gas. Oil. Coal. The long view: Energy 1 Jan 2020 both Venezuela and Iran, limiting oil supply from both countries. issued in the fourth trading phase (2021-2030) for compliance with Therefore, we forecast global oil demand will grow by 1.25 million b/d in. 2020 and by a The outlook for global energy is not just a matter for energy companies: it is an OPEC's share of global oil production back to levels last reached in the early