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1. • • Global oil demand is set to rise by 1.1 mb/d in 2024, 140 kb/d less than projected in last month’s Report as weak deliveries, notably in Europe, shifted first-quarter OECD demand into contraction. The outlook for 2025 is comparatively unchanged, with the pace of growth now marginally surpassing 2024 at 1.2 mb/d.
     www.iea.org/reports/oil-market-report-may-2024

     Oil Market Report - May 2024 – Analysis - IEA

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   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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   What is OPEC's forecast for world oil demand in 2023?

   • OPEC in a monthly report on Wednesday kept its forecast for world oil demand growth in 2023 at 2.46 million bpd. In 2024, OPEC sees demand growth of 2.25 million bpd, also unchanged from last month.

   World oil demand next year to rise faster than expected, IEA says

   www.reuters.com/business/energy/iea-raises-2024-oil-demand-growth-forecast-despite-economic-gloom-2023-12-14/

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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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   When is world oil forecast 2024?

   • For those who could not attend the live presentation in Houston, World Oil will host a webcast covering the forecast on Feb. 15, 2024. As always, a full breakdown of this year’s forecast will be featured in World Oil’s upcoming February issue.

   World Oil Forecast: Upstream industry to grow moderately in 2024

   www.worldoil.com/news/2024/1/26/world-oil-forecast-upstream-industry-to-grow-moderately-in-2024/

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3. 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 · 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.

4. www.worldoil.com › news › 2024/1/26World Oil Forecast: Upstream industry to grow moderately in 2024

   www.worldoil.com › news › 2024/1/26

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   Jan 26, 2024 · According to the forecast, as many states will be down as up, bringing total growth for U.S. wells to a mere 0.6%. Notable among U.S. gains will be increases in the Gulf of Mexico, which will see...

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 set to rise by 1.1 mb/d in 2024, 140 kb/d less than projected in last month’s Report as weak deliveries, notably in Europe, shifted first-quarter OECD demand into contraction. The outlook for 2025 is comparatively unchanged, with the pace of growth now marginally surpassing 2024 at 1.2 mb/d.

6. 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.

7. www.worldoil.com › news › 2024/3/22World oil demand outpacing expectations, challenging peak ...

   www.worldoil.com › news › 2024/3/22

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   Mar 22, 2024 · The International Energy Agency forecasts oil demand will rise 1.3 MMbpd in 2024. While that’s less than last year’s jump of 2.2 MMbpd, when China’s emergence from Covid restrictions juiced...

8. prod.iea.org › reports › oil-market-report-june-2024Oil Market Report - June 2024 – Analysis - IEA

   prod.iea.org › reports › oil-market-report-june-2024

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   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.

9. www.reuters.com › business › energyWorld oil demand next year to rise faster than expected, IEA ...

   www.reuters.com › business › energy

   Dec 14, 2023 · World consumption will rise by 1.1 million barrels per day (bpd) in 2024, the Paris-based IEA said in a monthly report, up 130,000 bpd from its previous forecast, citing an improvement in the...