The global oil demand forecast for 2020 is revised down by 0.3 mb/d. For 2021, oil demand growth is expected to grow by 6.2 mb/d, y-o-y, representing a downward revision of 0.3 mb/d compared to last month’s assessment.

The goal of carbon-neutrality by 2060 will require China to kick its longstanding addiction to coal while building unprecedented amounts of intermittent wind and solar capacity.

Real GDP for oil exporters including Saudi Arabia and Iran will shrink 6.6% this year,

"We see oil demand peaking in around 2040 as a result of a slowing economy, together with less fuel demand for cars, aircraft and ships."

OPEC and its allies, including Russia, are in the midst of a historic supply accord enacted during the depths of the coronavirus market meltdown

We expect LNG demand to increase by 4 billion cubic metres (bcm) this winter and that’s led by growth in China, Japan, and South Asia. LNG supply is expected to grow by 3 bcm led by the United States.

2021 world oil demand is now forecast to grow by 6.6 mb/d, some 0.4 mb/d lower compared with the previous month’s assessment to average 96.9 mb/d.

“Although the market remains uncertain, we saw encouraging signs in July with gradual rebalancing of oil supply and demand,” API Chief Economist Dean Forman said. “Increases in U.S. refinery throughput and capacity utilization in July – coupled with inventories receding from record highs – has reinforced expectations for the continued demand recovery.”

it is estimated that the world will reach about 97% of pre-pandemic oil demand during the fourth quarter

For 2021, world oil demand growth is forecast to rise by 7.0 mb/d,