OPEC trims demand forecast for 2021

Demand for oil is now expected at 95.89 million barrels per day in 2021, down by 350,000 bpd from last month's forecast.


The Organization of the Petroleum Exporting Countries (OPEC) lowers its estimate for next year's oil demand and slightly trims its 2020 forecast as well, according to the oil cartel's monthly report.

For 2021, OPEC now expects oil demand to rise by 5.9 million barrels per day to 95.89 million bpd.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

IKEA sustainability manager: Green solutions should not cost more

As a starting point, furniture giant Ikea won't accept that green solutions become more expensive than polluting solutions, says Elisabeth Munck af Rosenschöld, Global Sustainability Manager for Supply Chain Operations, to ShippingWatch. Ikea is part of an alliance of global companies that calls for green shipping by 2040.

Long Beach logjam of container vessels grows to 80

Bottlenecks at major US container ports in continue to grow, with the ports of Long Beach and Los Angeles being the worst hit at the moment. Here, 80 vessels are waiting to berth, according to new figures form Vessels Value.

Further reading

Related articles

Trial banner

Latest news

See all jobs