The Organisation for Economic Cooperation and Development (OECD) project in the second volume of their 2019 reports:
| Region | 2020/2021 (%) | 2019 (%) |
| Globe | 3.0 | 2.9 |
| US | 2.0 | |
| Japan | 0.7 | |
| Euro area | 1.2 | |
| China | 5.5 |
Source: OECD November 2019 part 2 economic outlook, accessed 2020-01-17
Opec’s january 15th monthly report makes the following projections:
| Country | 2020 growth % | 1999 growth % |
| US | 1.9 | 2.3 |
| Eurozone | 1.0 | 1.2 |
| Japan | 0.7 | 1.1 |
| China | 5.9 | 6.3 |
| India | 6.4 | 5.5 |
| Brazil | 2.0 | 1.0 |
| Russia | 1.5 | 1.1 |
| World | 3.1 | 3.0 |
Source: Jan 15th oil report published by Opec, accessed 2020-01-17
| World | 2020 mb/d | 2019 mb/d |
| demand | 100.98 | 99.77 |
| supply* | 101.37 | 98.99 |
Note: * supply projected based on unchanged opec supply from 2019 of 29.8 million barrels/day. Other figures taken from Monthly report Opec.
Report can be downloaded from Opec’s website.
Source: Opec monthly oil market report 15 Jan 2020, accessed: 2020-01-17
Source: Trading Economics, accessed 2020-01-17
Primer on the index. by Rodrigue, J-P (2020), The Geography of Transport Systems, Fifth Edition, New York: Routledge.
Source: European Commission – energy policy 2020-01-06 weekly report, accessed 2020-01-12
Source: US Energy Information Administration, accessed 2020-01-09
Ending stock level 2020-01-03 : 251.6 mill barrels
Source: Rice University, Jaffe, Medlock, Soligo, accessed 2020-01-08
Figure 2: Simplified representation of the Resource Envelope
Jaffe describes “proved reserves” as subset of resources defined to be economically recoverable. “Economic recoverable” reserves taken as a subset of those accessible technically that in turn are a subset of resources in place (Jaffe, page 16).
Described differently 3-P reserves tend to associate with “technically recoverable resources”. While 2-P reserves are taken as those of provable and probable reserves determined by geology, technology and cost. Where the probable component is that which is not yet identifed but estimated. (Jaffe, page 16)
Source: US government, Richard Nehring, accessed 2020-01-08
