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1. • • 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. Both forecasts were unchanged from last month.
     www.theglobeandmail.com/business/industry-news/energy-and-resources/article-opec-sticks-to-2024-oil-demand-growth-forecast-but-trims-first-quarter/

     OPEC sticks to 2024 oil demand growth forecast, but trims ...

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   What is the global oil demand forecast for 2024?

   • The EIA raised its 2024 world oil demand growth forecast to 1.10 million barrels per day from a previous estimate of 900,000 bpd. The Organization of the Petroleum Exporting Countries (OPEC) maintained its 2024 forecast for relatively strong growth in global oil demand, citing expectations for travel and tourism in the second half.

   Oil settles higher on forecasts for strong demand

   www.reuters.com/business/energy/oil-prices-extend-rally-potential-us-crude-purchase-reserve-2024-06-11/

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   Will oil demand slow down in 2024?

   • In its latest medium-term market report, titled Oil 2024, the global energy watchdog said oil demand growth was on track to slow down before ultimately reaching its peak of near 106 million barrels per day by 2030. That’s up from just over 102 million barrels per day in 2023.

   Big Oil given stark warning as peak crude and a major supply surplus

   www.cnbc.com/2024/06/12/big-oil-given-stark-warning-as-a-major-supply-surplus-expected-by-2030.html

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   Will oil demand rise again in 2034?

   • Oil demand will rise for another 10 years, though producers are pulling back on new investment. The bank estimated oil demand would peak around 110 million barrels a day in 2034. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily.

   The oil market is at risk of a supply shortage as peak demand is still 10 y…

   www.businessinsider.com/oil-supply-outlook-shortage-crude-demand-production-opec-prices-brent-2024-6

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   How much oil will be produced in 2023?

   • That’s up from just over 102 million barrels per day in 2023. At the same time, the IEA expects total oil production capacity to surge to nearly 114 million barrels per day by 2030 — a whopping 8 million barrels per day above projected global demand.

   Big Oil given stark warning as peak crude and a major supply surplus

   www.cnbc.com/2024/06/12/big-oil-given-stark-warning-as-a-major-supply-surplus-expected-by-2030.html

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3. www.worldoil.com › news › 2024/6/12Slowing demand growth and surging supply put world oil ...

   www.worldoil.com › news › 2024/6/12

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   Jun 12, 2024 · Oil 2024, the latest edition of the IEA’s annual medium-term market report, examines the far-reaching implications of these dynamics for oil supply security, refining, trade and investment.

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

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

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   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.

5. www.worldoil.com › news › 2024/6/11OPEC sees strengthening world oil demand in H2 2024 amid ...

   www.worldoil.com › news › 2024/6/11

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   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...

6. www.businessinsider.com › oil-supply-outlookOil Outlook: Market Risks Supply Shortage As Peak Demand Is ...

   www.businessinsider.com › oil-supply-outlook

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   4 days ago · The investment bank estimated the world's oil demand would continue to rise for at least the next 10 years, with crude demand peaking at around 110 million barrels a day in 2034. That's due to ...

7. www.reuters.com › business › energyEIA forecasts larger records for 2024 US oil output, global ...

   www.reuters.com › business › energy

   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...

8. www.reuters.com › business › energyOil settles higher on forecasts for strong demand | Reuters

   www.reuters.com › business › energy

   Jun 11, 2024 · The EIA raised its 2024 world oil demand growth forecast to 1.10 million barrels per day from a previous estimate of 900,000 bpd. The Organization of the Petroleum Exporting Countries...

9. www.cnbc.com › 2024/06/12 › big-oil-given-starkBig Oil given stark warning as a major supply surplus ...

   www.cnbc.com › 2024/06/12 › big-oil-given-stark

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   Jun 12, 2024 · In its latest medium-term market report, titled Oil 2024, the global energy watchdog said oil demand growth was on track to slow down before ultimately reaching its peak of near 106 million...