Platts Analytics sees oil prices struggling to go beyond the mid-$40s/bbl mark by the end of calendar year 2020 (CY20) before creeping up to $50/b by end-2021
Platts Analytics sees continued growth in long-term petrochemicals demand as potentially delaying peak oil demand to 2021.
Currently, Brent prices are hovering around the $42/barrel mark
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The outlook could darken even further if the virus lasts longer than anticipated, or wields greater economic pain -- given factories, schools, restaurants and shops are closing around the world
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S&P Global Platts sees India's oil demand growing by 170,000 b/d next year as economic growth is expected to pick up, says Hickin
Sovereign bonds slid after the report, with the yield on the benchmark 10-year note rising 5 basis points to 6.76 per cent
S&P Global Platts, acquired Live Rice Index (LRI), a global provider of information and benchmark price assessments for the rice industry, earlier this year