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Jun 11, 2024 · Global oil demand will likely rise to 104.5 million bpd next year, the EIA said, slightly higher than its previous forecast of 104.3 million bpd.
Jun 12, 2024 · Highlights. 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. Subpar growth of 1 mb/d in 2025 is held back by a muted economy and accelerating clean energy technology deployment.
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 · Based on today’s policies and market trends, strong demand from fast-growing economies in Asia—as well as from the aviation and petrochemicals sectors—is set to drive oil use higher in the...
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 bpd. Global oil demand will likely rise to 104.5 million bpd next year, the EIA said, slightly higher than its previous forecast of 104.3 million bpd.
Jun 11, 2024 · HOUSTON, June 11 (Reuters) - Oil prices settled slightly higher on Tuesday as the U.S. Energy Information Administration (EIA) raised its global oil demand growth forecast for the year, while...
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Will global oil demand rise to 104.5 million bpd next year?
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.
