Macro Oils short-term outlook: February 2021
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Report summary
Table of contents
-
Global liquids supply: upgrade to US lower 48 offset by downward revisions to OPEC
- Non-OPEC supply: minor revisions to conventional supply outlook; unconventionals downgraded
- US Lower 48: New federal policies pose no threat to short-term supply
- Drilling outlook
- Capex expectations
- Policy implications
- OPEC: minor revisions as OPEC+ holds steady at January levels
-
Global demand: Asia-Pacific leads the demand recovery in 2021, 2022
- Global liquids demand this year: Q1 2021 under pressure, H2 2021 sees stronger growth
- Q4 2020 and Q1 2021:
- 2021:
- Asia-Pacific:
- Americas:
- Europe:
- Russia/The Caspian:
- Africa:
- 2 more item(s)...
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