Insight
Webinar: Collapsing demand sets the terms in the battle for market share
Report summary
Ann-Louise Hittle, Vice President of Oils Research, hosted a Webinar on 7 April 2020. The global oil market has been hit hard with falling demand while OPEC+ abandoned its production restraint and supply began rising. Prices fell far enough to trigger a call for production cuts. What does the oil market face for 2020-2021? During the webinar, our Macro Oils experts discussed: -The outlook for global oil demand in 2020 - how low can it go? -China demand is stabilizing - Will US and Europe follow that path? -The impact of low oil prices on US Lower 48 -OPEC and non-OPEC supply: What is up and what is down -Implications for 2020-2021 oil prices
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