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Jun 12, 2024 · Explore our other newsletters. Oil 2024 - Analysis and key findings. A report by the International Energy Agency.
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 · The Organization of the Petroleum Exporting Countries, in a monthly report, said world oil demand will rise by 2.25 million barrels per day (bpd) in 2024 and by 1.85 million bpd in 2025.
Jun 11, 2024 · The organization expects demand will average 104.5 MMbpd in 2024. For the first quarter, OPEC estimates that global oil consumption soared by 2.3 MMbpd, more than double the increase observed...
Jun 12, 2024 · Total supply capacity is forecast to rise to nearly 114 MMbpd by 2030—a staggering 8 MMbpd above projected global demand, the report finds. This would result in levels of spare capacity never...
Jun 12, 2024 · The IEA’s Oil 2024 report said rising sales of electric vehicles, the increased adoption of renewable energy sources such as wind and solar, and the reduction of demand from China would leave...
People also ask
Will world oil demand rise in 2024?
Will the world have more oil than it needs in 2024?
How will global oil consumption change in 2024?
How much oil will OPEC produce in 2024?
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.
