Colombia Crude Oil Refinery Outlook to 2021 is a comprehensive report on crude oil refinery industry in Colombia. The report provides oil production, consumption and exports details from 2000 to 2020 along with oil reserves for the period 2000 to 2015.
Colombia Oil and Gas Market - Analysis, Growth, Trends
The market has been estimated at USD XX billion in 2015 and is projected to reach USD XX billion by 2021, at a CAGR of XX% during the forecast period from 2016 to 2021. Colombia invested USD XX billion in the oil & gas sector between 2013 and 2015 and it is estimated that an additional USD XX billion would flow in by 2021.
• We forecast OPEC crude oil production will average 26.5 million b/d in 2021, up from 25.6 million b/d in 2020. OPEC crude oil production in the forecast rises from 25.0 million b/d in April to an average of 27.1 million b/d in 3Q21. Our expectation of rising OPEC production is primarily based on our assumption that OPEC will raise production
World oil markets are rebalancing after the Covid 19 crisis spurred an unprecedented collapse in demand in 2020, but they may never return to “normal”. Oil 2021, the IEA’s latest medium-term outlook, explains why. Rapid changes in behaviour from the pandemic and a stronger drive by governments towards a low-carbon future have caused a
The COVID-19 pandemic has significantly disrupted the global refining market, with supply and demand experiencing unprecedented fluctuations during 2020 and 2021. At the same time, the industry is also facing longer-term challenges related to technological advances, evolving regulations, and increasing concerns about climate change.
Colombia Oil Gas Trends, Market Opportunities and Outlook
6.1 Colombia Crude Oil Demand Outlook to 2025 6.2 Colombia Natural Gas Demand Outlook to 2025 6.3 Colombia Motor Gasoline Demand Outlook to 2025 6.4 Colombia Gas/Diesel Oil Demand Outlook to 2025 6.5 Colombia Fuel Oil Demand Outlook to 2025 6.6 Colombia LPG Demand Outlook to 2025. 7 Colombia Oil, Gas and Products Production Outlook to 2025 7.1
Looking ahead, 2021 oil demand is expected to recover strongly but remain lower than it was at pre–COVID-19 levels—about 4% lower in the base case, and about 7% lower in Rystad Energy’s second-wave scenario.
The refinery is expected to be the world’s biggest single-train facility upon commissioning in 2021. The project is estimated to cost USD 18 billion, and the refinery will produce Euro-V quality gasoline and diesel, as well as jet fuel and polypropylene.