Download your copy of the OPIS Oil Market Outlook 2021

Authored by OPIS’s longtime oil market analysts Tom Kloza and Denton Cinquegrana, this outlook includes exclusive in-depth commentary, analysis, charts and graphs showing key pricing and broader market trends in the spot, rack and retail fuel landscapes.

Plus expanded coverage on biofuels and carbon markets by Jordan Godwin, senior editor of renewable fuels pricing, and Kylee West, senior editor of global carbon pricing.

This 20-page report offers insightful predictions on what 2021 has in store for downstream energy markets. Here are just a few key takeaways:

  • Global demand might get back to 2019 levels only by late 2021 or early 2022.
  • Predictions for “average” 2021 prices might be reckless, given the $100 barrel-plus range that separated extremes in 2020.
  • The slide in global jet fuel demand will impact refining operations and yields throughout 2021.
  • The actual average retail gasoline price for 2020 represents the lowest number since 2016, when prices averaged a little over $2.12/gal.
  • E15 and other midlevel ethanol blends will continue to grow, but the pace will remain slow.
  • Weak demand and soft margins in late 2020 took more than 1 million barrels per day of North American capacity offline and more rationalization is likely to take place before mid-2021.
  • The actual average retail gasoline price for 2020 represents the lowest number since 2016, when prices averaged a little over $2.12/gal.
  • Winter 2020-21 has delivered the highest RINs in more than three years and the highest overall RFS compliance costs since summer 2013.
  • Plus 20 more pivotal points for the 2021 energy landscape.

Get your copy today!

 

Share the Oil Market Outlook 2021 with a colleague or friend: