Oil Demand under Business as Usual Scenario vs. Base Case Goldman Sachs predicts that global oil demand will not rebound to pre-coronavirus levels until 2022. Image: Goldman Sachs Global Investment Research
U.S. Crude Oil Total Production U.S. crude oil production rises after 13 consecutive weeks of decline. Image: The Daily Shot – The Wall Street Journal
Brent Oil Price Forecast Morgan Stanley expects only modest upside in oil prices. Image: Morgan Stanley Research
Crude Oil Forecasts Goldman Sachs expects oil prices to decline from current levels. Image: Goldman Sachs Global Investment Research
Oil Rig Counts and WTI Crude Oil Price (Leading Indicator) Oil price is impacting drilling activity. WTI crude oil price tends to lead oil rig counts by three months. Image: Nordea and Macrobond
Price of Oil Forecast Goldman Sachs remains bullish on oil prices, forecasting $53 oil in 2021 and expecting a recovery in global oil demand. Image: Goldman Sachs Global Investment Research
Change in Global Oil Stocks Global oil inventory appear to have be peaking. Goldman Sachs forecasts that excess inventories will have peaked at 1,075 mb with a draw of 60 mb in June. Image: Goldman Sachs Global Investment Research
U.S. Inflation and Oil Prices The relationship between U.S inflation and oil prices suggests that U.S. inflation could fall further. Image: Jeroen Blokland
Oil Exporters vs. Importers and Brent Price This chart shows the good correlation between oil exporters vs. importers and the price of Brent. Image: Goldman Sachs Global Investment Research
Brent Oil Price This is the sharpest oil price sell-off on record. Image: Morgan Stanley Research