The United States predicts a collapse in global oil demand

A significant drop in oil demand is expected on the world market. This will especially affect the countries that extract and export "black gold".

This conclusion was made by experts during the S&P Global Platts (APPEC) 2020 conference, which was held in virtual mode.

According to the director of S&P Global Platts, Martin Frenkel, by the end of the year, world oil demand will decrease by 8 million barrels per day. He notes that when compared with previous periods, this is a lot. Frenkel also believes that next year, commodity prices will not return to levels that were observed before the economic crisis caused by a decline in production amid the coronavirus pandemic. Restrictions related to quarantine measures in different countries of the world have led to a decrease in demand for energy. At the same time, even after the quarantine is lifted, one should not expect an instant increase in the demand for oil, because the storage facilities of this raw material are currently overflowing. It should be noted that the overflow of storage facilities is said for at least six months, but this did not prevent oil from rising in price from $ 20 to $ 40 per barrel.

On the other hand, the pandemic will not last forever, and any crises will end sooner or later. Therefore, over time, a recovery in production activity will occur, which means that an increase in oil demand can still be expected.

Comments

[Ervin]

More precisely, in the United States they PLAN a collapse in world oil demand! Even to the detriment of yourself and your allies, and why - you yourself will guess!

[aszzz888]

Ervin (Ervin)
Today, 11: 31
0
More precisely, in the United States they PLAN a collapse in world oil demand! Even to the detriment of yourself and your allies, and why - you yourself will guess! Ervin (Ervin)
Today, 11: 31

the merikatos will have no time for this ...

Paul Craig Roberts: A Revolution Will Break Out In The USA In Two Months

, and this guy very often makes accurate predictions.

[Mountain shooter]

Quote: aszzz888

the merikatos will have no time for this ...
Paul Craig Roberts: A Revolution Will Break Out In The USA In Two Months
, and this guy very often makes accurate predictions

More precisely ... in exactly two months? or after 3?
I have nothing against it, even if after six months. But to smithereens.

[aszzz888]

0
Quote: aszzz888
the merikatos will have no time for this ...
Paul Craig Roberts: A Revolution Will Break Out In The USA In Two Months
, and this guy very often makes accurate predictions

More precisely ... in exactly two months? or after 3?

All claims and wishes to Paul Craig Roberts.

[askort154]

Mountain Shooter..More precisely ... in exactly two months? or after 3?

Eugene, it's simple! Two months later, the US presidential elections. The disgruntled “little ones” will join the rebellious "black ones" now, or vice versa - they will go against each other. and weapons on hand in the United States, in every home an arsenal. Do not forget that up to 10 million Chinese also live in the United States (time bomb). C will say "must", they will answer "is". Theoretically, there is soil.
And then it's a shame, Russia is tormented by war-revolutions every century, and all this time they admire from behind the "puddle", chewing popcorn, and brazenly splashing kerosene into the fires.
They say dreaming is not harmful. And so you want your dream to come true. After all, they have already "got" the whole World. Justice must prevail!

[Alexey RA]

Quote: askort154

The disgruntled "little ones" will join the rebellious "black ones" now, or vice versa

They do not rebel but "protest peacefully." Any democrat will confirm this.
Judging by the videos from the USA, it is not the "blacks" who are rebelling there now, but the "black and white" ones. White "activists" - leftists in the current "peaceful protests" - a dime a dozen.

[Mountain shooter]

Quote: askort154

weapons on hand in the United States, in every home an arsenal.

We are like military men. Arsenals from home are good. How many minutes of close combat will the ammunition in those home arsenals last? It is unlikely that there are cartridges in boxes. The one who is more thrifty will win. The rest with bats and machetes will remain ...

[Zoldat_A]

Quote: askort154

Do not forget that there are also up to 10 million Chinese (time bomb)... C will say "must", they will answer "is".

Scared for Americans This is done if we imagine that, by order from Beijing, ALL Chinese in ALL US territory will simultaneously close ALL Chinese restaurants with, as the Americans say, "Chinese food" for at least a week. At least 30% of Americans will be forced to either starve or look for a new feeding area. Well at least, McDonald's and KFC are always ready to help them out, they will not let them lose weight.

We can live on cabbage soup and porridge for an unlimited long time, but in America they don't know how to cook cabbage soup and make noodles like a navy. Semolina is completely prohibited, and buckwheat is considered inedible for people - they feed their cattle with it.
A friend's daughter gave birth to a grandson in America. It turned out that there is no semolina in all of Texas. When her brother (the son of my friends) wanted to look at his nephew and at the same time bring him several kilograms of semolina, he learned in time that he would not be allowed to America with semolina. He left it at my house (he was driving away from us), I baked manna for six months for breakfast.

[Normal ok]

Quote: Mountain Shooter

Quote: aszzz888

the merikatos will have no time for this ...
Paul Craig Roberts: A Revolution Will Break Out In The USA In Two Months
, and this guy very often makes accurate predictions

More precisely ... in exactly two months? or after 3?

In fact, there will be more than just civil war. Also Yellowstone will explode and the dollar will collapse. And the exact date is already known. Everything will happen on Thursday, right after the rain. And the signal to start will be the whistle of cancer.

[indy424]

I don't think he understood the meaning of the article he read. just a cool title :)

[snake]

Quote: aszzz888

the merikatos will have no time for this ...

Paul Craig Roberts: A Revolution Will Break Out In The USA In Two Months

, and this guy very often makes accurate predictions.

[Lexus]

It's time for Otsosneft to stir up some "flow" ...

[Nastia makarova]

what for??? tell me

[orionvitt]

Quote: Nastia Makarova

what for??? tell me

And what, everyone can, but they can't. Start up hl in full.

[Nastia makarova]

you didn’t answer why?

[dauria]

you didn’t answer why?

I'll answer ... May I? Once upon a time there was a plot in "Tricks of Our Town". A healthy red button with the words "Explosion of the building" was installed at the crosswalk. People came up, read, looked around and ... pressed. Then they looked around - well, the infection didn't burst anywhere. Almost all .

[Nastia makarova]

funny, they are such people)))

[orionvitt]

Quote: Nastia Makarova

you didn’t answer why?

Well, how is that why? Everything is very simple. Exporting inflation, unleashing wars, revolutions, illegal migration, all kinds of instability, crises and other negativity around the world create the illusion of the only place where everything is good. That is, in the USA. But I can't do it endlessly. As they say, the boomerang flew back. "You love honey, love and chill." This is about the current United States. And they have earned negative karma for themselves, Mom, do not worry, there will be enough for a dozen of them.

[Nastia makarova]

they have enough of their own problems, forever printing the dollar will not work

[Deniska999]

Well, okay, maybe our people will stop relying on oil and gas.

[paul3390]

Sure! All that alligators will lose from the loss of exports - they will get on us orphans. For the Right Boys - they cannot lose money, the law is the same in the Russian Federation ..

[Voyager]

Such radical reforms of the economy cannot be done in a day, not in a month, not in a year, or even in a few. And even over a decade, if you try to do it gently and without severe damage to the economy.

[Alf]

Quote: Deniska999

Well, okay, maybe our people will stop relying on oil and gas.

For the first oil, maybe they will unlearn. That is why they are now training so hard for the second oil - for us.

[Daniil Konovalenko]

All this is true, but regardless of the oil crises, the price of gasoline in Russia will continue to grow ..

[snake]

The main thing is that Sechin does not suffer materially. Most of all I'm worried about him. As if his salary would not have subsided. How will he feed his family?

[Daniil Konovalenko]

Yeah, God forbid, he will start to celebrate Christ, at the Cathedral of Christ the Savior, he will sit with an outstretched hand.

[Lexus]

at the Cathedral of Christ the Savior, he will sit with an outstretched hand.

Her ... this one straight from the icon in the "abode" of the disarmed forces will "rob", if that ...

[KVU-NSVD]

The third conclusion was made by experts during the S&P Global Platts (APPEC) 2020 conference, which was held in virtual mode.

The longer I live, the more I am convinced that all these predictions will either come true for the purpose of playing in the market, or fortune-telling on the tea leaves, then the plus to the reputation will not come true - no one will remember .. here is a new forecast for you right away ..

[bk316]

either ordering for the purpose of playing on the market, or fortune telling on coffee grounds

Victor, you don't have to live here long It is obvious.
Oil is an exchange commodity. Money is earned mainly not on the resale of oil, but on forecasts (on futures). There are already many times more futures than real oil. And if the price could be predicted (calculated), then futures would cease to bring the main income. This is, on the one hand, and on the other, in order to win, you do not need to guess the price of oil, you need a CROWD of PLAYERS to behave in a predictable way.
So it turns out exactly what you wrote.

[Kisa]

and in our office it became very problematic to charter the tanker. steamers are tied to the wall without work. I have to fly on a steamer - the cashiers complain - the airports are still empty people are not. jet fuel for planes by 90% consumption decreased .... no one consumes fuel

[Motorist]

Quote: kitty

in our office it became very problematic to charter a tanker

This is the case with container carriers, but heavy stuff and cartoons are still in business, sometimes they even drive at full speed.

[rotmistr60]

This will especially affect countries that mine and export "black gold"

With hints, incl. and to Russia? Has Frenkel already warned American oilmen that they will have to tighten their belts even tighter? In general, forecasts are not a gratifying thing and do not always please the soothsayers themselves.

[Calm]

oil ...

[rocket757]

Those. the next act of the "Marlezon ballet"?
Interesny events take place this year ... we are "having fun" all together, in general.
Who and how will get out of such "merry" is not an idle question! Although, we care for ourselves in the first and second place!

[Livonetc]

That's great.
The economy of Russia, a colossus on hydrocarbon legs, has already been torn to shreds many times.
Unhook from SP2 already.

[Nestor]

No, it won't. Europe has adopted a "hydrogen strategy", so the fight over the gas market will be serious

[Livonetc]

P • СЃР »Рё РЅРµ СЃР» ожно.
In short, please tell me.
What is a hydrogen strategy?

[g1washntwn]

Quote: RBK

$ 700 billion market: how hydrogen will change the energy sector in Russia and Europe
Read more at RBC:
https://trends.rbc.ru/trends/green/5ef46e379a7947a89c25170d

But local "green" closures of nuclear power plants and coal-gas electricity are not enough, they are already clumping against hydrogen, they say, we still burn, we must sit in a cold damp cave, but nature is not in danger.

[Alf]

Quote: g1washntwn

have to sit in a cold damp cave,

And they themselves are not eager to sit in it.
By the way, where did the girl with the slanting eyes go? Soros withdrew from funding?

[zwlad]

Oh well. Another Wang drew.

[Ervin]

Quote: aszzz888

the merikatos will have no time for this ...
Paul Craig Roberts: A Revolution Will Break Out In The USA In Two Months
, and this guy very often makes accurate predictions.

In general, we rarely make mistakes on amers. Trump is ours, Obama is ours, even loans to the union state (Belarus) are issued in US dollars, not rubles, which looks like insanity. Will you still be here in two months? Will you be able to pay for the Internet so that in two months we can discuss the revolution in America here? This is in case America does not turn off the Internet.

[aszzz888]

Ervin (Ervin)
Today, 11: 51
0
Quote: aszzz888
the merikatos will have no time for this ...
Paul Craig Roberts: A Revolution Will Break Out In The USA In Two Months
, and this guy very often makes accurate predictions.


In general, we rarely make mistakes on amers.

This is not "with us", it is with them. Can you read? - Paul Craig Roberts

[Ervin]

Yes, yes, I get it, your new idol and icon Paul Craig Robertswho promised you a revolution in the United States for the New Year. You seem to be an adult, but the craving for fairy tales still lives in you?

[aszzz888]

Ervin (Ervin)
Today, 11: 58

0
Yes, yes, I get it, your new idol and icon Paul Craig Roberts, who promised you revolution in the United States for the New Year. You seem to be an adult, but the craving for fairy tales still lives in you?

He did not promise me, but the world community, and there is no need to twist the facts. And further - it is not decent to impose your conjectures on a stranger, this is me in relation to "fairy tales".

[nnm]

I wonder how their allies, the Saudis, will react to such a desire of the United States? And they will remain allies.

[Brturin]

Quote: nnm

I wonder how their allies, the Saudis, will react to this desire of the United States

Fine...
Saudi Aramco will cut prices for all grades of oil for buyers from Asia and the United States in October 2020.
Saudi Aramco announced this on September 6, 2020 .... The decrease in oil prices for American customers in October 2020 will be from 0,5 to 0,7 USD / bbl. Saudi Aramco is cutting US oil prices for the first time since April 2020, after Saudi oil exports to the US fell to their lowest level in decades in August. https://neftegaz.ru/news/Trading/629454-saudovskaya-araviya-v-oktyabre-snizit-tseny-na-vse-sorta-nefti-dlya-azii-i-ssha/
the question of how shale producers will react to this ...
According to the American law firm Haynes and Boone, 1 oil and gas companies declared bankruptcy in the United States from January 31 to July 2020, 32. Their total debt amounted to $ 49,7 billion, including $ 29 billion in unsecured debt ... This year also went bankrupt 25 oil services companies, whose debts amounted to $ 29,3 billion .... By the end of this year, 26 oil companies will join the bankruptcy list. ... The average amount owed by one company this year exceeded $ 1,55 billion, compared with 460 million in 20 15-2019. In 2020, the total debt of bankrupt companies is expected to exceed the record figure of 2016 - $ 56,7 billion. https://1prime.ru/energy/20200830/831968614.html

[Alien From]

"" by the end of the year, the global demand for oil will CONTRACT by 8 million "" who will seduce it (demand)?)

[LiSiCyn]

Quote: Alien From

WILL GO TO 8 million "" who will seduce him (demand)?)

Plus, you.

[APASUS]

This is a problem for us rather than for the Americans. No matter how much the American shale oil costs, the country that prints dollars, it doesn't matter! The main American commodity is money

[Keyser soze]

This means that an increase in demand for oil can still be expected.

You can expect something ...

Recently, British Petroleum's forecast for market development until 2050 was released. Demand will recover in 2-3 years and then will begin to fall on the basis of bans and replacement of internal combustion engines in Europe. In 10-15 years, everything in the EU will switch to electricity. By the way, diesel engines are now prohibited in many European cities. Then gasoline will go ... Many car companies have stopped the development (or will stop in the near future) of new internal combustion engines.

So don't buy oil company shares, such an investment ...

[Dude]

In 10-15 years, everything in the EU will switch to electricity.

And what is Europe going to produce electricity from, especially considering their general rejection of coal and nuclear power?

[Ros 56]

They will be delivered from the moon by electric satellites.

[Dude]

Quote: Ros 56

They will be delivered from the moon by electric satellites.

Well, from the moon - a completely different matter! Then I am calm for the Europeans!

[Ros 56]

The collapse of demand for oil in the states will surely happen, such a storm will rise there after the elections, mom do not cry. And the people there are sick and dying unlike the rest of the crown. And why do they compare themselves with the whole world, I don’t know. They did not exist 200 years ago, but the world existed, so let them not build the navel of the earth out of themselves.

[Alf]

Quote: Ros 56

And the people there are sick and dying unlike the rest of the crown.

Do you think that Those Who Rule care about the fate of ordinary Americans?

[Blacksmith 55]

Only the message got through, though not about oil.
The German government is ready to finance the construction of 2 terminals for American LNG ($ 1 billion), in exchange for the fact that the US will lift sanctions against JV 2.
Let's see what Trumpushka says.

[g1washntwn]

Quote: Blacksmith 55

Let's see ...

Once they sent obscene words to the EU and the phrase about the stream will be similar to the Germans.
And you see, what have you thought, what if natural gas will remain on SP-1, and hydrogen will go through SP-2 a little later? What to do with all these lng-terminals-steamers? With the Russian nuclear industry, it will be even cheaper to drive hydrogen into pipes. How ... "they are robbing! They are cutting without a knife!" will scream.

[A. Privalov]

Recently, it has become obvious that a revolution may begin in the United States, in this stronghold of freedom and democracy, and although liberals all over the world believe that America is a stronghold of stability, that America is a Colossus, that America is an unsinkable ship that has never conditions will not go to the bottom. This is not so. America is a Colossus on feet of clay and despite its external power, America is extremely vulnerable from the inside. It's just that no one has ever tried to destroy America from the inside, but we will do it. We will make a fairy tale come true. We will make every effort to collapse the Colossus named America. And for the revolution in the United States there are practically all the necessary conditions, you just need an external impetus that will lead this entire system to self-destruction.
The time has come for America itself to experience what a revolution is. When we manage to bring millions of Americans onto the streets, then chaos will come in this stronghold of freedom and democracy, this chaos will lead to the loss of government and the subsequent fall of American statehood. Hurray, comrades !!!

[Proxodnoi]

Shaw again? Everyone won't calm down amers ..

[NF68]

The demand for oil in the world is already very noticeable. It might get worse. But this is no longer a secret.

[fif21]

The restrictions on the "crown" are lifted, wars continue .... at 21, the rise in oil prices is obvious. Still, exporters have been pumping their oil into their storage for 6 months, and all the reserves of consumers will go to the minus.

[AML]

Quote: APASUS

This is a problem for us rather than for the Americans. No matter how much the American shale oil costs, the country that prints dollars, it doesn't matter! The main American commodity is money

The main American commodity is the export of democracy.

[Zomanus]

There is a return from the global production model to the regional one.
Of course, there will be a drop in sales and production, respectively, in the consumption of raw materials.