Insight
Oil markets 2021: What to Watch
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Report summary
We can all agree that 2020 was a year of vast uncertainty and crisis. In this Insight, we discuss the uncertainties and issues for global demand, supply and refining which will shape the course for oil markets in 2021. Demand — The pace of vaccine distribution and economic recovery Supply — OPEC+ decisions, Lower 48 response and upstream spend Refining — Refining utilization, product price dynamics, renewables, crude differentials
Table of contents
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Things to Watch in 2021: Global Liquids Demand
- The pace of Covid-19 vaccine distribution:
- The pace of global economic recovery:
- Things to Watch in 2021: Global Oil Supply
-
Things to Watch in 2021: Refining
- Key drivers
- Utilisation
- Product Cracks and inter-regional dynamics
- Crude Differentials
- Opportunity for renewables
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