BP’S STATISTICAL REVIEW OF WORLD ENERGY 2021 – 70th EDITION

The British energy giant bp released the 70th edition of its Statistical Review of World Energy.
Bernard Looney, bp Chief ...

GLOBAL OIL DEMAND SET TO SOAR FROM 93.1 TO 99.6 MILLION BARRELS PER DAY IN 2021

The IEA (International Energy Agency) released its Oil Market Report for May 2021.
After nearly a year of robust supply re...

The U.S. Energy Information Administration (EIA) released it short-term Energy outlook for May 2021. The study remains subjec...

AS ELECTRIFICATION IN TRANSPORT ACCELERATES OIL DEMAND MAY PEAK IN 2026

The adoption of electrification in transport and other oil-dependent sectors is accelerating and is set to chip away at oil s...

ROAD FUELS LEAD GLOBAL OIL DEMAND RECOVERY – JET FUELS RECOVERY LAGS BEHIND

Rystad Energy’s latest forecast projects a 6% year-on-year increase in oil demand in 2021, climbing to an average of 95.4 m...

The April Short-Term Energy Outlook (STEO) released by the EIA (US Energy Information Administration) remains subject to heig...

GLOBAL OIL DEMAND SET TO REACH 96.4 MILLION BARRELS PER DAY IN 2021

According to the IEA Oil Market Report (OMR) world oil demand is set to grow by 5.4 mb/d in 2021 to reach 96.4 mb/d, recoveri...

Reduced economic activity related to the COVID-19 pandemic has caused changes in energy demand and supply patterns in 2020 an...

EIA expects high inventory levels and surplus crude oil production capacity will limit upward price pressures in the coming m...