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The African continent largely avoided the worst of the pandemic in 2020, but many countries have experienced a surge in COVID-19 cases this year. Nevertheless, the pandemic depressed the region’s economy, with GDP contracting by 3.2%, and oil demand falling by 340,000 b/d in 2020.
Economic recovery is underway across the region in 2021, with a GDP growth of 4.1% expected. However, recovery has been uneven among countries. S&P Global Platts projects quarter-on-quarter Africa oil demand to rise by 425,000 b/d in Q4 after falling in Q2, Q3.
Despite the rebound, the continent’s oil demand even in 2022 will remain slightly below pre-pandemic levels, but improving.
In our new special report, S&P Global Platts Analytics looks at what's in store for Q4 2021 and beyond.
The Oil Security Sentinel™ is an interactive editorial project exploring the changing relationship between geopolitical risk and the price of crude.
This analysis shows how diversity of supply, higher levels of global spare capacity and the expansion of strategic petroleum reserves have helped to insulate markets from the risk of supply disruptions in the Middle East and beyond.
In today's global oil markets, decisions about where, how and when to act are dynamic and need the best information to guide you to the best results. S&P Global Platts helps you make these decisions by examining every aspect of the global oil market, including demand, inventories, refining, infrastructure and trade flows, helping to improve market transparency and your understanding of emerging trends.
We cover every aspect of the upstream, midstream and downstream sectors of the global markets, helping improve market transparency and your understanding of emerging trends
Access deeper, more robust trade flow data
We share free insights every day, but only our customers can access our comprehensive, thought-provoking special reports
We ensure our analysis is integrated accross commodities to give our customers the most connected commodity views using the most comprehensive data sets available
Our customers benefit from intuitive (online) product portals, where they can quickly access exclusive services and free trial offers.
— Understand more with the most comprehensive analytical offering covering the global oil markets available
— Receive timely data and unique insights via fixed-frequency reports and as-events-dictate bulletins, keeping you current on trends in global crude, product markets, and geopolitical developments
— Make new market connections with interactive models and comprehensive datasets offering powerful insight into emerging market trends
— Access to the analysts and consultants behind Platts content creation for customized insights
— Assess capacity and gain the fullest picture of production: analyze every possible element of capacity and perform forward looking analysis, with comprehensive data for every refinery in the world, going back to 1984
— Make informed trading and investment decisions: develop strategies to respond to planned and unplanned outages, and assess your competitors' relative positions with access to robust ownership and operator data
— Quickly access key metrics via our helpful dashboard, effortlessly integrate our data into your forecast models, understand the complex with our simplified flow diagrams, and access direct support from committed analysts.
— Access to Platts Analytics' historical and forecast global oil supply through an online web portal.
— Historical data is provided monthly beginning in 1995. Monthly forecast data is available through the end of Platts Analytics' short-term forecast period (between 12 and 18 months).
— Annual forecast data is available through the end of Platts Analytics' long-term forecast period (between 15 and 20 years).
— Understand how market events like the coronavirus outbreak are affecting your business
— Access coverage that expands the commodity complex as well as supply chains within
— Build a deeper understanding of emerging trends- helping you identify opportunities and risks quicker enabling you to beater prioritize your recommendations
— Understand key issues impacting crude oil and natural gas production in North America
— Act with confidence knowing that you're working with the most relevant and important information for each producing basin
— Get peace of mind with access to the analysts that prepare the information
— Digest data in the format you prefer with multiple delivery options to facilitate your own internal analysis
