Estimated Contraction in Global Oil Demand by Product Global oil demand is expected to see its first quarterly contraction in over a decade, due to the coronavirus pandemic. Image: J.P. Morgan Commodities Research
Global Crude Oil Demand Global demand for crude oil has fallen off a cliff, as the coronavirus pandemic spreads in the U.S. and around the world. Image: The Wall Street Journal
Brent Prices Forecast (Oil) Chart suggesting brent prices forced lower in 2020, and then move above $60/bbl next year. Image: BCA Research
WTI Spot Oil Price and Cash Floor The chart suggests that there is a risk that oil prices move to cash costs. Image: Goldman Sachs Global Investment Research
Oil Prices Forecast for 2020 and 2021 Chart suggesting $42.6 per barrel for 2020 and $35.9 per barrel for 2021. Image: Oxford Economics
WTI Crude Oil Spot Price and Retail Automotive Gasoline U.S. retail gasoline prices are expected to fall, as OPEC+ failed to agree production cuts. Image: Deutsche Bank Global Research
Impact on U.S. Real GDP from Lower Oil Prices More cautious consumers would lead a net negative impact on overall GDP growth Image: Morgan Stanley Research
ICE Brent Crude Oil Price and NYMEX Crude Oil Price Oil price plummets, as OPEC+ failed to agree production cuts. Image: The Daily Shot – The Wall Street Journal
DM Real GDP and WTI Crude Oil (Leading Indicator) Chart suggesting that the 18-month rate of change of WTI crude oil (inverted) tends to lead DM real GDP by 18 months. Image: Topdown Charts
Global Oil Consumption as a % of GDP and Global Recessions Chart suggesting that Brent crude prices need to exceed US$117 to push the global economy into recession. Image: Financial Times