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Oil Crisis Outlook.pdf

2021.Q2 Goehring Rozencwajg Market Commentary.pdf

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📊 Size: 447 KB

📄 Pages: 26 pages

⬇️ Downloads: 77

Summary

The IEA's "Net Zero By 2050" report recommends stopping investment in traditional oil and gas businesses, which will lead to a structural gap between supply and demand, causing a coming oil crisis. Non-OPEC oil supply has fallen and will turn negative, while demand is recovering strongly, expected to reach new highs by 2022. The IEA's policies will hinder oil supply security, concentrating supplies in low-cost producers, with OPEC's share growing to 52% by 2050. This will give OPEC pricing power, potentially leading to significant price spikes. Despite expectations of collapsing demand due to ESG and EV reasons, global oil demand is expected to continue growing this decade.

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Description

The IEA's "Net Zero By 2050" report recommends stopping investment in traditional oil and gas businesses, which will lead to a structural gap between supply...

Technical Information

File Format: PDF
File Size: 447 KB
Pages: 26
Language: EN
Total Downloads: 77
Last Updated: 2 months ago

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This PDF document about Oil Crisis Outlook provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Oil Crisis Outlook.