Opecs world oil outlook woo is part of the organizations commitment to market stability. The sharp oil price was primarily linked to downturn fundamentals, and it has reflected uncertainties in the world economy, as well as oil market dynamics that have been supply driven. Because saudi arabia produces oil so cheaply and holds the largest oil reserves in the world, it can withstand low oil prices for a long time without. The 2019 opec world oil outlook woo was launched today at the. Ieo 2014 examines longterm global petroleum and other liquid fuels markets in this shortened ieo release. In the future, fulllength ieos presenting longterm energy market assessments that include projections of supply and demand for all energy sources will be produced every two years, with a shortened edition in the alternate years. The market reality api doesnt get world oil editorial. Oil, natural gas, coal, renewables and energy efficiency will be covered, along with updates on trends in.
Changes to reference case oil demand projections for 2020, compared to woo 2014. World petroleum and other liquid fuels consumption. The publication is a means to highlight and further the understanding of the many possible future challenges and opportunities that lie ahead for the oil industry. World oil outlook 2014 organization of the petroleum exporting countries. Chapter i global economic outlook prospects for the world economy in 20142015 global growth continues to face headwinds the world economy has experienced subdued. Energy outlook downloads and archive energy economics bp. Adjustable smartbit increases durability and rop during.
The new economics of oil a speech by spencer dale pdf. Petroleum and other liquids supply forecast, feb2014, pdf. World oil outlook 2015 organization of the petroleum exporting countries. During 20142016 global oil supply outpaced world oil demand growth, leading to excess supply in the market and a strong deterioration in oil. The low oil price has also had negative consequences for oil exporting countries. World oil provides news, oil prices, data, statistics, shale reports and upstream industry trends relating to the exploration, drilling, completion and production of oil and gas, both onshore and.
The world energy outlook series is a leading source of strategic insight on the future of energy and energyrelated emissions, providing detailed scenarios that map out the consequences of different energy policy and investment choices. The publication is a means to highlight and further the. Opec is a permanent, intergovernmental organization, established in baghdad, iraq. In the april steo, eias 2020 global oil consumption forecast has undergone. Between 2019 and 2025, global oil demand is forecast to grow at an average. Downloads are a mix of pdf, excel, csv and powerpoint documents. We appreciate the collaboration of the following offices, entities, organs, and institutions for the preparation of this outlook. Download the latest edition of the bp energy outlook, supporting resources or our country and regional insight factsheets. The international energy outlook 2014 was prepared by the u. The 2014 edition of the world energy outlook weo will incorporate all the latest data and. Oil market meltdownwhat does it take to get action.
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