|2020-03-20 来源： 中国石化新闻网|
其他分析师甚至有更戏剧性的设想。欧亚集团(Eurasia Group)表示，未来几周和几个月内，日需求量可能下降多达2500万桶。这种历史性的供过于求意味着全球可能会耗尽存储空间。维托尔（Vitol）分析主管乔瓦尼?塞里奥(Giovanni Serio)向英国《金融时报》表示:“通过陆上存储很难解决需求减弱和供应过剩问题，在某个时刻……我们将需要把所有的浮式存储设施都进行填充。”
王佳晶 摘译自 今日油价
April Could Be Worst Month Ever For Oil
Oil producers are facing their worst crisis in history, but the market is not at a bottom yet, according to several analysts.
The millions of barrels of additional supply promised by Saudi Arabia will take time to reach their destination. On the demand side, major economies have only begun to slow down, and the gaping hole where the economy once stood is expected to widen. A growing number of analysts say that the global economy is already in a recession.
“Even just a week ago, it was difficult to imagine how oil market conditions could become significantly weaker,” Standard Chartered wrote in a note. “However, over the past week the restrictions placed on mobility by European and North American governments as part of their coronavirus response have significantly magnified the negative demand shock.”
Analysts say that the month of April could see the largest supply overhang in the history of the oil market.
“We now expect the y/y demand loss to peak in April at 10.4 million barrels per day (mb/d), and annual demand to fall by a record 3.39mb/d in 2020,” Standard Chartered wrote in a note.
In the short run, the oil market surplus could reach a peak of 13.7 mb/d in April, Standard Chartered said, with an average surplus of 12.9 mb/d for the second quarter. The inventory buildup could reach a gargantuan 2.1 billion barrels by the end of the year, “stretching the midstream of the industry to its limits,” the bank wrote. That figure represents an upward revision of 50 percent from the 1.4-billion-barrel inventory surplus the bank predicted…just a week ago.
Other analysts have even more dramatic scenarios. Eurasia Group says demand could fall by as much as 25 mb/d in the next few weeks and months. The historic glut means that the world could run out of storage space. “The combination of weakening demand and excess supply is hardly going to be accommodated by onshore storage,” Giovanni Serio, head of analysis at Vitol, told the FT. “At a certain point…we will need to fill all the boats.”
The downturn could lead to more than 200 bankruptcies just in the European oilfield services sector, according to Rystad Energy, or 20 percent of total firms in the sector.
Goldman Sachs said WTI could fall to shut-in price levels at between $23 and $26 per barrel, and in fact, the bank cut its forecasted second quarter price for Brent to $20 per barrel, down from $30 previously. In early trading on Wednesday, WTI plunged 11 percent to around $24 per barrel and prices collapsed during the day, falling 25% before recovering some lost ground.
“As front-end prices weaken under the weight of the accumulated surplus oil stockpile, we expect the contraction of activity in the US shale oil industry to accelerate,” Standard Chartered said. The bank forecasts U.S. oil production at 11.87 mb/d in December 2020, down 1.1 mb/d from current levels. In 2021, Standard Chartered said the U.S. may average 11.2 mb/d, exiting the year in December 2021 at 10.69 mb/d.