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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.
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.
Jun 11, 2024 · We expect increases related to bunker fuels will contribute around 10% of total oil consumption growth in 2024. In OECD countries, liquid fuels consumption stays relatively flat in 2024 and increases by 0.3 million b/d in 2025.
Jun 12, 2024 · In parallel, a surge in global oil production capacity, led by the United States and other producers in the Americas, is expected to outstrip demand growth between now and 2030. Total...
Jun 11, 2024 · World crude oil and liquid fuels consumption is expected to rise by 1.1 million bpd to 103 million bpd this year, the EIA said. That compares with a previous forecast of around 102.8 million...
Jun 12, 2024 · Birol outlined three main drivers for oil demand to peak by the end of the decade: reduced petrol use as the world switches to electric vehicles, a move by countries in the Middle East,...
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Where will global oil demand grow in 2024?
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Jun 14, 2024 · Approximately three-fourths of global consumption growth in 2024 is expected to come from five countries (Brazil, China, India, Indonesia, and Saudi Arabia), while consumption in advanced economies is expected to be marginally lower. Global oil demand growth is forecast to increase modestly in 2025.
