Oil Demand And Margin Trends: Nirmal Bang
An oil pumping jack in an oil field in Russia. (Photographer: Andrey Rudakov/Bloomberg)

Oil Demand And Margin Trends: Nirmal Bang

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Nirmal Bang Report

We see a likely revival in oil demand in H2 CY21 and CY22 as the Covid-19 vaccine administration gathers momentum globally.

This, along with the closure of weaker refining capacities, especially in Europe (of an estimated 1.5 million barrels per day) could also improve refining spreads and margins.

U.S. agency Energy Information Administration estimates that oil demand will touch 97.5 million bpd in CY21 and 101.3 million bpd in CY22 versus 92.2 million bpd in CY20.

On the other hand, International Energy Agency is more cautious and expects oil demand to touch pre-Covid-19 levels by CY23.

Click on the attachment to read the full report:

Nirmal Bang Oil Gas Sector - Sector update - 26 March 2021.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.