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- Rising world oil supplies, led by non‑OPEC+ producers, are expected to surpass forecast demand from 2025 onwards. Mirroring demand’s break with long-term trends, a front-loaded build in oil production capacity is forecast to lose momentum and swing into contraction towards the end of our medium-term outlook.
www.iea.org/reports/oil-2024/executive-summary
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The forecast for world oil demand growth in 2025 is also slightly revised down by a mere 40 tb/d to stand at 1.7 mb/d. Non-OECD demand is set to drive next year’s growth, increasing by about 1.6 mb/d, led by contributions from China, the Middle East, Other Asia, and India.
- Feature article: Oil market outlook for 2025 - OPEC
The n-OPEC liquids supply growth in 2025 is expected on to...
- Feature article: Oil market outlook for 2025 - OPEC
Jul 11, 2024 · The company’s latest outlook report concludes that oil use will increase by about 2m barrels a day to peak at about 102m in 2025 across both of its forecasts – one that tracks the world current trajectory and one that shows the world meeting global net-zero targets by 2050.
Rising world oil supplies, led by non‑OPEC+ producers, are expected to surpass forecast demand from 2025 onwards. Mirroring demand’s break with long-term trends, a front-loaded build in oil production capacity is forecast to lose momentum and swing into contraction towards the end of our medium-term outlook.
Sep 12, 2024 · World supply rose by 80 kb/d to 103.5 mb/d in August, with outages caused by a political dispute in Libya combined with maintenance in Norway and Kazakhstan offset by higher flows from Guyana, Brazil and elsewhere. Annual gains strengthen from 660 kb/d this year to 2.1 mb/d in 2025.
Apr 12, 2024 · Non-OPEC+, led by the US, is set to drive world supply growth through 2025. For 2024, global output is forecast to rise by 770 kb/d to 102.9 mb/d. Non-OPEC+ production will expand by 1.6 mb/d, while OPEC+ supply could fall 820 kb/d if voluntary cuts remain in place.
The n-OPEC liquids supply growth in 2025 is expected on to stand at 1.3mb/d, mainly driven by the US, Brazil, Canada, Norway, Kazakhstan and Guyana. OPEC natural gas liquids (NGLs) and nonconventional liquids are forecast to - 64 grow by tb/d to around
Sep 5, 2024 · We estimate that global oil inventories will increase by an average of 0.5 million b/d in the second half of 2025 (2H25). We forecast the Brent price will average $84/b in 2025. Recent production outages in Libya add a new source of uncertainty for crude oil prices in the coming months.
