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Feb 13, 2024 · IEA: Comfortable Oil Market and Moderate Price Evolution in 2024. Global oil markets should remain “comfortable” this year as new supplies satisfy demand and keep prices in check, according...
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A cumulative $4.3 trillion will be needed between 2025 and 2030, even as demand growth slows toward a plateau. Oil and gas annual upstream capital expenditures rose by $63 billion year-on-year in 2023 and are expected to rise a further $26 billion in 2024, surpassing $600 billion for the first time in a decade.
Jan 26, 2024 · World Oil forecasts that South American drilling will increase just over 3%, led by operations in Brazil, Guyana, Argentina, and, surprisingly, Venezuela.
Jun 12, 2024 · Despite the slowdown in growth, global oil demand is still forecast to be 3.2 MMbpd higher in 2030 than in 2023, unless stronger policy measures are implemented, or changes in behavior take...
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.
Feb 13, 2024 · In its latest available monthly report for January, the IEA raised its 2024 demand growth outlook for a third consecutive month, expecting global oil demand to rise by 1.2 million bpd...
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Dec 14, 2023 · World consumption will rise by 1.1 million barrels per day (bpd) in 2024, the Paris-based IEA said in a monthly report, up 130,000 bpd from its previous forecast, citing an improvement in the...
