Mckinsey global oil supply and demand outlook to 2035
Our perspective on the global offshore-drilling market offers projections to 2035. To help navigate and understand the current cycle in the offshore-rig market, our offshore-drilling outlook provides a reference case for the evolving offshore markets for jack-ups and floating rigs (semisubmersibles Strong production increases in the Americas and Middle East will offset falling production in Asia and Africa, leading global crude supply to grow at 0.2% per annum to 2035, says the outlook. Global gas and LNG outlook to 2035 Open interactive popup Expansion in the gas and LNG markets continues, with LNG demand expected to increase 3.6 percent per year to 2035. Between now and 2035, growth in global oil demand will slow to 0.5 percent per year, with demand for road transport peaking by 2026 and demand for oil overall peaking by 2032. The few sectors with continuing demand growth will be those with poor fuel substitutes, such as aviation, or nonfuel end uses, such as petrochemicals (Exhibit 1). Global Liquids Supply Model Provides a granular and flexible outlook on the global liquids supply landscape until 2035 by bringing together McKinsey’s latest perspective on project-level production and economics, OPEC behavior, global energy demand, and global natural gas liquids (NGL) supply.
Global gas and LNG outlook to 2035 Open interactive popup Expansion in the gas and LNG markets continues, with LNG demand expected to increase 3.6 percent per year to 2035.
13 Sep 2019 A sliding oil price could be just the start of something more serious next see surging non-Opec oil production with the implied market balance returning to McKinsey & Company, a management consulting firm, explained the growing market earlier this week in its Global Gas And LNG Outlook To 2035. 1 Apr 2019 Brazil has the potential for a 70% oil production increase by 2035, but is it McKinsey Energy Insights further anticipates that the industry could 1 Aug 2018 1 Includes US, Canada and Mexico. 2 Include Bangladesh, India and Pakistan. SOURCE: McKinsey Energy Insights, McKinsey Global Gas 3 Mar 2019 Total energy demand will be plateauing despite a growing global economy The quality of the McKinsey energy outlook for 2019 lies in its Much coal, gas and oil will be stranded — not because of a carbon tax If renewables are set to supply 50
Global Liquids Supply Model Provides a granular and flexible outlook on the global liquids supply landscape until 2035 by bringing together McKinsey’s latest perspective on project-level production and economics, OPEC behavior, global energy demand, and global natural gas liquids (NGL) supply.
Our global offshore drilling outlook offers perspective on the market and We expect offshore to account for about 30 percent of this new crude production, with 2 Steep demand increases in China combined with new LNG supply from the US demand. 3 On the pricing side, oil and most gas prices rallied in 2018 with. bcm), while production in Europe and Rest of Asia will decline rapidly Source: Energy Insights by McKinsey, BP Statistical Review of World Energy, EIA, Japan Ministry of Economy Trade and Industry, IGU Renewables Natural gas Oil Coal . of McKinsey experts from around the world, from fields including oil and gas, automotive, renewable energy, and basic materials. Through this Our Global Energy Perspective provides a detailed demand outlook across these dimensions of the power supply post-2035, a clear break from historical fossil fuel-based 10 Mar 2016 demand dynamics coupled with investments in pipeline, rail and ship logistics. Downstream. Thrive in an environment where crude oil supply. McKinsey expert points out that the petrochemicals sector will be the most important Petrochemicals' production to be most important growth driver for global oil demand up to Our supply teams use the demand outlook in fuel specific models to In general, the demand for fossil fuels is expected to increase up to 2035
Global Oil Supply & Demand Outlook to 2035. Oil supply and demand perspective with balances to 2035 and macro outlooks on global oil prices. Interactive
2 Steep demand increases in China combined with new LNG supply from the US demand. 3 On the pricing side, oil and most gas prices rallied in 2018 with. bcm), while production in Europe and Rest of Asia will decline rapidly Source: Energy Insights by McKinsey, BP Statistical Review of World Energy, EIA, Japan Ministry of Economy Trade and Industry, IGU Renewables Natural gas Oil Coal .
2 Steep demand increases in China combined with new LNG supply from the US demand. 3 On the pricing side, oil and most gas prices rallied in 2018 with.
1 Aug 2018 1 Includes US, Canada and Mexico. 2 Include Bangladesh, India and Pakistan. SOURCE: McKinsey Energy Insights, McKinsey Global Gas 3 Mar 2019 Total energy demand will be plateauing despite a growing global economy The quality of the McKinsey energy outlook for 2019 lies in its Much coal, gas and oil will be stranded — not because of a carbon tax If renewables are set to supply 50
McKinsey expert points out that the petrochemicals sector will be the most important Petrochemicals' production to be most important growth driver for global oil demand up to Our supply teams use the demand outlook in fuel specific models to In general, the demand for fossil fuels is expected to increase up to 2035 Scenario forecast of the Russian energy sector development132 to provide 35-50% of world electricity production and contribution of the oil and gas sector, which is an es- McKinsey GEP 2019, Reference Case Implementation of these strategies in 2030–2035 will. 20 Jan 2020 No matter US shale oil production, the global oil market is likely to stay well The US contribution to that forecast growth slumps to 52 percent versus 84 are not taken more seriously, McKinsey warned in a report issued last week. could be brought forward to 2035, depending on the progress made. 13 Sep 2019 A sliding oil price could be just the start of something more serious next see surging non-Opec oil production with the implied market balance returning to McKinsey & Company, a management consulting firm, explained the growing market earlier this week in its Global Gas And LNG Outlook To 2035. 1 Apr 2019 Brazil has the potential for a 70% oil production increase by 2035, but is it McKinsey Energy Insights further anticipates that the industry could 1 Aug 2018 1 Includes US, Canada and Mexico. 2 Include Bangladesh, India and Pakistan. SOURCE: McKinsey Energy Insights, McKinsey Global Gas