Search results
May 22, 2024 · In 2023, world oil demand exceeded 100 million bbl/d for the first time since the pandemic. Forecasts suggest global oil demand will grow even more in 2024.
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.
World oil demand growth, 2018-2024 for selected countries : China, India, Middle East, Rest of the World.
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.
Jun 12, 2024 · World oil demand growth continues to slow, with 2024 gains now seen at 960 kb/d, 100 kb/d below last month’s forecast. Weak OECD deliveries pushed global demand into a narrow y-o-y contraction in March.
Comparing how the yearly change evolves from one month to the next, we can instantly grasp how demand is changing in the oil market. Every month, the three major energy agencies (EIA, OPEC, and IEA) will issue monthly energy reports, announcing forecasts for future oil-related data, such as oil prices, supply and demand, etc.
People also ask
Will world oil demand grow in 2024?
Will non-OPEC+ oil demand increase in 2023?
What is the global demand for crude oil in 2023?
How will world oil supply change in 2025?
Monthly Oil Market Report 2024. 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.
