Lloyd's List is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

Printed By


US global oil outlook jolted by Saudi-Russia market share battle

The US Energy Information Administration has significantly revised its short-term outlooks for global oil supply, demand and prices following the March 6 meeting of the Organisation of the Petroleum Exporting Countries

The EIA assumes that Opec will target ‘market share instead of a balanced global oil market’, with its crude oil production rising to an average of 29.2m barrels per day from April through December 2020, up by 500,000 bpd — around 1.7% — from an average of 28.7m bpd in the first quarter of 2020

Related Content





Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts