COVID-19 Report - Scenarios and impact on global energy markets
We have now published our August Edition of the COVID-19 Report . In this edition of our Covid-19 report we take a deep look at the resurgence of the virus in various US states, while our 2021 global oil demand outlook remains unchanged.
Rystad Energy's COVID-19 Report will be regularly updated, offering scenario analyses, and evaluating the impact on global energy markets.
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Highlights of this edition include:
- After a strong recovery of 15 million bpd in global oil demand from April to July, the trend has flattened and we do not expect much change in coming months
- Domestic flights in all corners of the world have recovered about 50% of the traffic lost since the outbreak of the pandemic, but international flights are still lagging
- For August 2020, we project OPEC+ crude production will increase to 38.3 million bpd (+1.2 million bpd m/m), spearheaded by Saudi Arabia and Russia.
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