Oil Outlook In 2020-21: In Absence Of Supply Shocks, Faltering Global Demand Will Dampen Oil Prices

By Alessandro Magnoli Bocchi, Fawaz Sulaiman Al Mughrabi and Farah Aladsani

23 October 2019

In this paper we discuss:

• The recent developments in the oil market;
• How we expect oil supply and demand to evolve in 2019-21;
• The impact that geopolitical risks could have in the evolution of oil prices;
• A scenario analysis, with a baseline, downside and upside scenarios; and
• The economic and market implications of these scenarios.

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Download PDF: Oil Outlook 2020-21 – October 2019