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1. www.iea.org › reports › oil-market-report-march-2024Oil Market Report - March 2024 – Analysis - IEA

   www.iea.org › reports › oil-market-report-march-2024

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   Mar 14, 2024 · As in 2023, non-OPEC+ oil supply growth will eclipse the oil demand expansion by some margin. Led by the United States, non-OPEC+ production is forecast to rise by 1.6 mb/d in 2024 compared to 2.4 mb/d last year when global oil output climbed by 2 mb/d to 102 mb/d.

2. www.opec.org › OPEC_MOMR_April_2024_archiveFeature article: Global oil demand in summer months of 2024

   www.opec.org › OPEC_MOMR_April_2024_archive

   The world economic growth forecasts for 2024 and 2025 remain unchanged at 2.8% and 2.9%, respectively. In the United States, economic growth for 2024 is revised up slightly to 2.1%, as the healthy momentum from 2H23 is expected to carry into 2024while the forecast for 2025 remains at 1.7%. The economic growth ,

3. www.iea.org › reports › oil-2024Oil 2024 – Analysis - IEA - International Energy Agency

   www.iea.org › reports › oil-2024

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   Jun 12, 2024 · The report provides detailed analysis and forecasts of oil demand fundamentals across fuels, sectors and regions. It also outlines projected supply from planned upstream and downstream projects around the world.

4. www.opec.org › opec_web › enOPEC : Monthly Oil Market Report 2024

   www.opec.org › opec_web › en

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   The OPEC Monthly Oil Market Report (MOMR) covers major issues affecting the world oil market and provides an outlook for crude oil market developments for the coming year. The report provides a detailed analysis of key developments impacting oil market trends in world oil demand, supply as well as the oil market balance.

5. www.iea.org › reports › oil-market-report-may-2024Oil Market Report - May 2024 – Analysis - IEA

   www.iea.org › reports › oil-market-report-may-2024

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   May 15, 2024 · Global oil demand is now expected to rise by 1.1 mb/d in 2024, 140 kb/d less than projected in last month’s Report. Our global outlook for 2025 is largely unchanged, with the pace of growth now marginally eclipsing 2024 at 1.2 mb/d.

6. www.opec.org › OPEC_MOMR_July_2023Feature article: The outlook for the oil market in 2024

   www.opec.org › OPEC_MOMR_July_2023

   world oil demand is forecast to grow by a healthy 2.2 mb/d, reaching about 104.25 mb/d. The OECD is anticipated to expand by 0.26 mb/d, with OECD Americas contributing the largest increase.

7. People also ask

   Will world oil demand grow in 2024?

   • World oil demand growth is now forecast at 1.3 mb/d in 2024, down sharply from last year’s 2.3 mb/d expansion. The slowdown in growth, already apparent in recent data, means that oil consumption reverts towards its historical trend after several years of volatility from the post-pandemic rebound.

   Oil Market Report - March 2024 – Analysis - IEA

   www.iea.org/reports/oil-market-report-march-2024

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   Will non-OPEC+ oil demand increase in 2023?

   • The latter’s oil demand growth slows from 1.7 mb/d in 2023 to 620 kb/d in 2024, or from roughly three-quarters to half of the global total, under the gathering weight of a challenging economic environment and slower expansion in its petrochemical sector. As in 2023, non-OPEC+ oil supply growth will eclipse the oil demand expansion by some margin.

   Oil Market Report - March 2024 – Analysis - IEA

   www.iea.org/reports/oil-market-report-march-2024

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   How will China's economic growth affect oil consumption in 2024?

   • In 2024, solid global economic growth amid continued improvements in China is expected to boost consumption of oil. World oil demand is anticipated to rise by 2.2 mb/d y-o-y, with total world oil demand projected to average 104.25 mb/d. In the OECD, oil demand is anticipated to rise by 0.26 mb/d.

   Feature article: The outlook for the oil market in 2024

   www.opec.org/opec_web/static_files_project/media/downloads/publications/OPEC_MOMR_July_2023.pdf

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   What is the OPEC oil demand forecast for 2024?

   • Based on the initial world oil demand and non-OPEC supply forecast for 2024, demand for OPEC crude is expected to reach 30.2 mb/d, 0.8 mb/d higher than the 2023 level. below this year’s expected growth level of 2.6%. Key oil-consuming countries, including China and India, economic growth. This is under the assumptions that Non-OECD 3.9 2024.

   Feature article: The outlook for the oil market in 2024

   www.opec.org/opec_web/static_files_project/media/downloads/publications/OPEC_MOMR_July_2023.pdf

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8. www.eia.gov › outlooks › steoShort-Term Energy Outlook - U.S. Energy Information ...

   www.eia.gov › outlooks › steo

   Data source: U.S. Energy Information Administration, Short-Term Energy Outlook , April 2024 • Global oil consumption. This month we revised the 2022 global liquid fuels consumption data available in our International Energy Statistics, increasing our assessment of global oil consumption