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      • According to the IEA, global oil demand growth will halve in 2024 as a result of below-trend economic growth in major economies, efficiency improvements and a booming electric vehicle fleet.
      finance.yahoo.com/news/opec-sticks-2024-oil-demand-124655317.html

      In first look at 2025, OPEC expects robust oil demand growth

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  3. www.reuters.com › markets › commoditiesOPEC sticks to 2024 oil demand growth forecast but trims Q1 ...

    Jun 11, 2024 · The Organization of the Petroleum Exporting Countries, in a monthly report, said world oil demand will rise by 2.25 million barrels per day (bpd) in 2024 and by 1.85 million bpd in 2025.

  4. www.reuters.com › business › energyEIA cuts 2024 world oil demand growth estimate, hikes output ...

    May 7, 2024 · NEW YORK, May 7 (Reuters) - World oil demand this year is expected to grow less than earlier forecast and output should expand faster than previous estimates, resulting in a more balanced...

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

    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.

  6. www.worldoil.com › news › 2024/6/12Slowing demand growth and surging supply put world oil ...

    Jun 12, 2024 · Oil 2024, the latest edition of the IEA’s annual medium-term market report, examines the far-reaching implications of these dynamics for oil supply security, refining, trade and investment.

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

    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.

  8. www.worldoil.com › news › 2024/6/11OPEC sees strengthening world oil demand in H2 2024 amid ...

    Jun 11, 2024 · The organization expects demand will average 104.5 MMbpd in 2024. For the first quarter, OPEC estimates that global oil consumption soared by 2.3 MMbpd, more than double the increase observed...

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

    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...