MARKET VIEWS
2020-21: Oil Prices To Remain Subdued, As COVID-19 Keeps Hampering Global Growth
By Alessandro Magnoli Bocchi, Fawaz Sulaiman Al Mughrabi and Karmen Meneses
22 October 2020
In this paper we discuss:
- The underlying macroeconomic outlook for the 2020-21 period;
- How geopolitical events may impact oil supply and prices;
- How we expect oil supply and demand to evolve in 2020-21;
- Our scenario analysis for oil prices, with baseline, upside and downside risks; and
- The economic, policy and market implications of all the above.
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Download PDF: Oil outlook - October 2020
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