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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 11, 2024 · We forecast that global oil inventories will begin increasing at an average of 0.4 million b/d in 2Q25 and will increase by 0.6 million b/d in the second half of 2025. As a result, we expect oil prices will increase to an average of $87/b in 4Q24 and $88/b in 1Q25.
Jun 11, 2024 · In our January 2023 forecast, U.S. growth in production of petroleum and other liquids remained uncertain because of relatively low capital investment from crude oil producers. At the time, we had forecast annual U.S. liquid fuels production to increase by 1.0 million b/d (5%) in 2023.
Jun 11, 2024 · U.S. oil output and global oil demand will likely post bigger records this year than previously expected, the U.S. Energy Information Administration said on Tuesday.
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.
6 days ago · Oil consumption reached a record 100 million barrels per day, driven largely by China's post-lockdown recovery. The U.S. remained the largest oil producer, with an 8.5% production increase from ...
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Jun 11, 2024 · U.S. crude oil production grows in our forecast by 2% from 2023 to an annual average of 13.2 million barrels per day (b/d) in 2024 and by another 4% in 2025 to 13.7 million b/d.
