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     The Globe and Mail

     OPEC boosts long-term oil demand outlook, driven by developing world growth

     6 days ago

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     YAHOO!Finance

     Expected growth in the developing world sees OPEC raise oil demand outlook

     5 days ago

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     Upstream

     Opec sees world oil demand soaring through 2050, countering peak-oil predictions

     5 days ago

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2. • 900 kb/d

     • For the year as a whole, global oil demand is on course to increase by 900 kb/d in 2024 and 950 kb/d next year.
     www.iea.org/reports/oil-market-report-september-2024

     Oil Market Report - September 2024 – Analysis - IEA

3. People also ask

   Will world oil demand rise in 2024?

   • On Tuesday, OPEC in a monthly report said world oil demand will rise by 2.03 million barrels a day (b/d) in 2024, down from growth of 2.11 million b/d expected last month. Until last month, OPEC had kept the forecast unchanged since it was first made in July, 2023.

   OPEC again lowers its 2024, 2025 global oil demand growth forecast

   www.theglobeandmail.com/business/industry-news/energy-and-resources/article-opec-again-lowers-its-2024-2025-global-oil-demand-growth-forecast/

   See all results for this question

   Will liquid fuels demand grow in 2024 & 2025?

   • Our 2024 forecast is down 0.2 million b/d from last month and our 2025 forecast is down 0.1 million b/d due to downward revisions to demand in China and OECD Europe. Most of the expected liquid fuels demand growth is from non-OECD countries, which increase their liquids consumption by 1.0 million b/d in 2024 and 1.3 million b/d in 2025.

   Short-Term Energy Outlook - U.S. Energy Information Administration (EI…

   www.eia.gov/outlooks/steo/report/global_oil.php

   See all results for this question

   Why did OPEC cut its forecast for global oil demand growth in 2024?

   • OPEC on Tuesday cut its forecast for global oil demand growth in 2024, reflecting data received so far this year and also trimmed its expectation for next year, marking the producer group’s second consecutive downward revision.

   OPEC again lowers its 2024, 2025 global oil demand growth forecast

   www.theglobeandmail.com/business/industry-news/energy-and-resources/article-opec-again-lowers-its-2024-2025-global-oil-demand-growth-forecast/

   See all results for this question

   Why did oil price drop in 2024?

   • Oil ticked lower after the report was issued, with Brent crude trading below US$71 a barrel, near the lowest price since March, 2023. There is a wide split in 2024 demand growth forecasts due to differences over China and the pace of the world’s transition to cleaner fuels.

   OPEC again lowers its 2024, 2025 global oil demand growth forecast

   www.theglobeandmail.com/business/industry-news/energy-and-resources/article-opec-again-lowers-its-2024-2025-global-oil-demand-growth-forecast/

   See all results for this question

4. www.iea.org › reports › oil-market-report-september-2024Oil Market Report - September 2024 – Analysis - IEA

   www.iea.org › reports › oil-market-report-september-2024

   • Cached

   Sep 12, 2024 · Reported monthly data covering 80% of global oil demand during the first half of 2024 confirm the steep decline in the rate of growth in oil consumption, which we have been projecting since our first forecast for 2024 was published in June 2023.

   • China’s slowdown is weighing on the outlook for global oil ...

     Amid an abrupt deceleration in Chinese oil consumption,...

5. www.cnbc.com › 2024/09/24 › opec-is-bullish-on-longOPEC is highly bullish on long-term oil demand growth. Not ...

   www.cnbc.com › 2024/09/24 › opec-is-bullish-on-long

   • Cached

   6 days ago · The Organization of the Petroleum Exporting Countries, OPEC, published its World Oil Outlook for 2024, with optimistic forecasts for robust oil demand growth.

6. Videos

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     oilprice.com

     IEA Raises Oil Demand Outlook For 2023 And 2024 | OilPrice.com

     Nov 13, 2023

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     oilprice.com

     Standard Chartered: Oil Demand Growth To Remain Robust In 2024 And 2025 | OilPrice.com

     Jan 7, 2024

     7 Views

   • 

     4:46

     finance.yahoo.com

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

     Jan 17, 2024

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7. www.theglobeandmail.com › business › industry-newsOPEC again lowers its 2024, 2025 global oil demand growth ...

   www.theglobeandmail.com › business › industry-news

   • Cached

   Sep 10, 2024 · OPEC said in a monthly report that world oil demand will rise by 2.03 million barrels a day in 2024, down from growth of 2.11 million bpd it expected last month.

8. www.eia.gov › outlooks › steoShort-Term Energy Outlook - U.S. Energy Information ...

   www.eia.gov › outlooks › steo

   • Cached

   Sep 5, 2024 · We forecast that global consumption of liquid fuels will increase by 0.9 million b/d in 2024 and 1.5 million b/d in 2025. Our 2024 forecast is down 0.2 million b/d from last month and our 2025 forecast is down 0.1 million b/d due to downward revisions to demand in China and OECD Europe.

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9. www.iea.org › commentaries › china-s-slowdown-isChina’s slowdown is weighing on the outlook for global oil ...

   www.iea.org › commentaries › china-s-slowdown-is

   • Cached

   Sep 12, 2024 · Amid an abrupt deceleration in Chinese oil consumption, global demand growth is cooling sharply from the rates seen in recent years, which we have been projecting since our first forecast for 2024 was published in June 2023.

10. www.theglobeandmail.com › business › industry-newsOPEC boosts long-term oil demand outlook, driven by ...

    www.theglobeandmail.com › business › industry-news

    • Cached

    6 days ago · The Organization of the Petroleum Exporting Countries, in its 2024 World Oil Outlook published on Tuesday, sees demand growing for a longer period than other forecasters like BP and the...

11. www.thenationalnews.com › business › energyOpec boosts long-term oil demand outlook, driven by ...

    www.thenationalnews.com › business › energy

    6 days ago · Reuters. September 24, 2024. Opec raised its forecasts for world oil demand for the medium and long term in an annual outlook, citing growth led by India, Africa and the Middle East, and a slower shift to electric vehicles and cleaner fuels. The Organisation of Petroleum Exporting Countries, in its 2024 World Oil Outlook published on Tuesday ...