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Jan 26, 2024 · According to the forecast, as many states will be down as up, bringing total growth for U.S. wells to a mere 0.6%. Notable among U.S. gains will be increases in the Gulf of Mexico, which will see...
Mar 14, 2024 · World oil demand growth is now forecast at 1.3 mb/d in 2024, down sharply from last year’s 2.3 mb/d expansion. The slowdown in growth, already apparent in recent data, means that oil consumption reverts towards its historical trend after several years of volatility from the post-pandemic rebound.
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.
Nov 3, 2023 · - In its most recent oil market report, OPEC reiterated its expectation of world oil demand growing by 2.25 million b/d in 2024, only slightly lower than this year’s 2.44 million b/d, whilst the...
- Editorial Dept
Mar 14, 2024 · The International Energy Agency on March 14 raised its estimate of 2024 oil demand growth by 110,000 b/d to 1.3 million b/d on an improved economic outlook for the US and higher bunker fuel consumption due to attacks in the Red Sea.
May 15, 2024 · Oil Markets Outlook: 2024. With the current escalation in Geopolitics, a resolute stance from OPEC , narrowing trade corridors forcing the world to become more regionalised and uncertain...
People also ask
Will world oil demand grow in 2024?
How will global oil consumption change in 2024?
How will global oil inventories change in 2024?
Will non-OPEC+ oil demand increase in 2023?
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.
