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Jun 12, 2024 · At the same time, Asia’s growing structural shortfall in crude and oil products and the ever‑expanding supply surplus in the Atlantic Basin are creating new trade routes in the global oil market. This eastward shift to non-OECD Asia, especially China and India, is coinciding with a multitude of new challenges driving oil market activity as the energy transition gathers pace.
Oil 2024 Executive summary P AGE | 8 I EA. CC BY 4.0. World oil demand tempered by clean energy transition Based on today’s market conditions and policies, global oil demand will level off . at around 106 mb/d towards the end of the decade amid the accelerating transition . to clean energy technologies. Surging EV sales and continued efficiency
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 ...
World oil demand growth, 2018-2024 for selected countries : China, India, Middle East, Rest of the World
May 22, 2024 · In 2023, world oil demand exceeded 100 million bbl/d for the first time since the pandemic. Forecasts suggest global oil demand will grow even more in 2024.
May 7, 2024 · The EIA now expects global oil and liquid fuels consumption to grow by 920,000 barrels per day (bpd) this year to 102.84 million bpd, slightly smaller than the 950,000 bpd growth forecast in its ...
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Mar 22, 2024 · The strength of consumption has helped to drive a rally in oil prices — benchmark Brent crude oil futures have risen 11% this year, at one point trading at more than $87 a barrel.
