Sina US Stock News reported on the 9th, Beijing time. Standard Chartered analyst Emily Ashford and others wrote in the report that the average price of Brent crude oil should be around 70 US dollars per barrel this year, and 67 US dollars next year.

Global oil demand should increase by 1.1 million b/d this year, higher than the increase of 740,000 b/d in 2019.

For OPEC, market management in 2020 will be easier than 2021; crude oil inventories fell 90,000 b/d this year, but 2021 was 82,000 b/d.

Iran, Venezuela, and Libya remain the main variables in OPEC's crude oil supply; increased supply from these oil producers will all “force OPEC and its OPEC+ partners to take some difficult actions.”