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Jan 26, 2024 · World Oil forecasts that South American drilling will increase just over 3%, led by operations in Brazil, Guyana, Argentina, and, surprisingly, Venezuela.
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.
Mar 14, 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.
Feb 13, 2024 · World consumption will increase by 1.2 MMbpd to 1.3 MMbpd in 2024, a “significantly weaker” pace than last year as economic growth slows in China and elsewhere, Executive Director Fatih Birol...
2 days ago · In other parts of the world, namely Europe and North America, the growth in EV sales has had a negligible impact on oil demand, which, per the Energy Institute, fell by 1% in Europe and 0.8% in ...
Jun 12, 2024 · Despite the slowdown in growth, global oil demand is still forecast to be 3.2 MMbpd higher in 2030 than in 2023, unless stronger policy measures are implemented, or changes in behavior take...
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May 8, 2024 · The US EIA revised its earlier forecast on world oil demand for 2024 on Tuesday, indicating that it is expected to grow at a slower pace. Additionally, the EIA predicts that global oil...
