Insight
Global oil supply: 5 trends to watch in 2020
Report summary
The oil market got off to a turbulent start to the year, with political tensions between the US and Iran escalating rapidly following the killing of General Soleimani on 3 January 2020. Those US-Iran tensions have eased since then although they remain as an underlying source of risk in the oil market. Our forecast for supply and demand through the first half of 2020 shows an implied surplus. But several factors could destabilise this view toward either a worsening of the oversupply or a significant tightening of the market. We look at key factors that could influence the oil supply outlook and oil market in 2020, including geopolitics, US Lower 48, OPEC+ strategy, new project sanctions, and key non-OPEC growth projects.
Table of contents
-
Geopolitics
- US tight oil growth deceleration – has a tipping point been reached?
- OPEC+ production restraint continues through 2020
- New project sanctions: volumes will be huge, but only 25% will be oil
- Will non-OPEC growth in 2020 surprise to the upside?
Tables and charts
This report includes 4 images and tables including:
- Upstream FIDs per year, number of projects
- Upstream FIDs per year, total resource
- Top five key non-OPEC growth countries 2020
- Top ten non-OPEC growth projects
What's included
This report contains:
Other reports you may be interested in
10 January 2020
Global olefins: 5 key trends to watch in 2020
Insight
Global olefins: 5 key trends to watch in 2020
Major changes are expected across the regional markets, but no single market can match the transformation that is taking place in China.
$90023 January 2018
Global oil supply: 5 risks in 2018
Insight
Global oil supply: 5 risks in 2018
Heading into 2018, we assess inflection points and risks to the global oil supply outlook.
$1,35021 January 2019
Global oil supply: 5 risks in 2019
Insight
Global oil supply: 5 risks in 2019
The Oil Supply team evaluate the top five risks to global supply in 2019.
$1,350
