Special Market Report
Demand Disruption to Dominate Crude Market Fundamentals Near-term
Countries around the world shift aggressively to isolation and lockdown in an attempt to limit the spread of the COVID19 virus. As a result, it has become clear that COVID19 related crude demand disruption will have an unprecedented impact on global crude markets for the remainder of 2020, with the most acute disruptions happening over the second and third quarters of the year. On the supply side, as crude storage nears capacity, a shut-in response at a rate never seen before will be necessary to support near-term pricing –an effort that OPEC+ is unlikely to undertake by themselves.
Download Sproule’s special market report to get insights into where we may be headed.
- The magnitude and extent of COVID19 related crude demand disruptions
- Updated scenarios highlighting Sproule’s view of the near-to-medium term supply-demand balance
- Updated WTI pricing scenarios and forecast
- Natural gas outlook and price forecasts