oil market Archives - Panorama Insurance Brokers

Guyana growth trajectory set to add big barrels to global supply

The International Energy Agency (IEA) has joined the US Energy Information Administration in lowering its estimates for oil supply recovery following the global pandemic that has destroyed demand and brought oil prices to their lowest in decades, last year. The IEA in its monthly report still pointed to a tightening oil market this year, despite… Read More

Platts Analytics sees oil demand averaging 99.3 million b/d this year

(S&P Global Platts) Global oil demand will rebound by more than 6 million b/d in 2021 and return to 2019 levels a year later despite the sharp acceleration in coronavirus infections and new lockdowns which have hit energy consumption from the end of last year, according to S&P Global Platts Analytics. Oil demand is expected to… Read More

Oil demand will continue to climb says analyst, sees 50-year window for Guyana

Following the devastating effects of the coronavirus pandemic on the oil industry, multiple stakeholders have posited that the sector would never see pre-2019 oil demand again. They say too that the demand is tempered by the fact that more countries are quickening their steps to renewables. But Analyst at Americas Market Intelligence (AMI), Arthur Deakin,… Read More