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Jun 11, 2024 · OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024, despite lower-than-expected use in the first quarter, saying travel and tourism would support...
Jun 11, 2024 · OPEC forecasts that world consumption will swell by 2.2 MMbpd this year — almost 50% higher than the rate anticipated a few months ago by Saudi Arabia’s state-run oil company. The organization...
Jun 11, 2024 · OPEC forecasts that world consumption will swell by 2.2 million barrels a day this year — almost 50% higher than the rate anticipated a few months ago by Saudi Arabia’s state-run oil company. The...
Jun 12, 2024 · Weak OECD deliveries pushed global demand into a narrow y-o-y contraction in March. Subpar growth of 1 mb/d in 2025 is held back by a muted economy and accelerating clean energy technology deployment. Global oil supply rose by 520 kb/d in May to 102.5 mb/d, as Brazilian ethanol output surged seasonally.
Jun 11, 2024 · Our estimate for 2023 OPEC production is now 0.9 million b/d less than we had initially forecast in January 2023. The OPEC values in this article do not include Angola, which left OPEC in January 2024. In January 2023, we forecast global supply of petroleum and other liquids to increase by 1.1 million b/d.
Jun 13, 2024 · OPEC does not see a peak in oil demand in its long-term forecast and expects demand to grow to 116 million barrels a day by 2045, and may be higher, the secretary-general said on Thursday.
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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.
