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Mar 17, 2021 · As a result, by 2026, global oil consumption is projected to reach 104.1 mb/d. This would represent an increase of 4.4 mb/d from 2019 levels. Oil demand in 2025 is set to be 2.5 mb/d lower than was forecast a year ago in our Oil 2020 report. All of this demand growth relative to 2019 is expected to come from emerging and developing economies ...
- Oil Market Report - December 2021 – Analysis - IEA
On average, oil demand has been revised down by around 100...
- Oil – Global Energy Review 2021 – Analysis - IEA
Fuel oil demand will increase by nearly 0.3 mb/d in 2021...
- Oil Market Report - November 2021 – Analysis - IEA
Global oil demand is strengthening due to robust gasoline...
- Oil Market Report - December 2021 – Analysis - IEA
Dec 14, 2021 · On average, oil demand has been revised down by around 100 kb/d since last month’s Report for both 2021 and 2022. Global oil demand is now set to rise by 5.4 mb/d in 2021 and by 3.3 mb/d in 2022, when it returns to pre-pandemic levels at 99.5 mb/d. Global oil production is poised to outpace demand from December, led by growth in the US and ...
Fuel oil demand will increase by nearly 0.3 mb/d in 2021 (4.5%) as it is expected to benefits from a rebound in bunker fuel demand and higher industrial activity. Most of the growth will be for the new, very low sulphur fuel oil introduced by International Maritime Organisation regulations. Global Energy Review 2021 - Analysis and key findings.
Sep 28, 2021 · Oil use will rise by 1.7 million barrels per day in 2023 to 101.6 million bpd, OPEC said its 2021 World Oil Outlook, adding to robust growth already predicted for 2021 and 2022 , and pushing ...
Feb 9, 2020 · of GDP recovery. Based on our Global Energy Perspective reference-case demand insights, current OPEC+ intervention will be sufficient to help balance the market in 2021, with prices remaining at a sustained level of $50 to $55/bbl through to 2025. If GDP growth recovers faster than expected, we may see a near-term price increase at more than ...
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Apr 14, 2021 · The International Energy Agency has sharply raised its world oil demand estimate for 2021, pointing to further signs that the global economy is recovering faster than previously expected, particularly in the US and China. Stronger economic forecasts and "robust" indicators of prompt demand mean the global oil demand will grow 230,000 b/d faster than previously forecast, the IEA said in its ...
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Will global oil demand rise in 2021?
Will global oil production outpace demand in 2022?
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Will global oil production increase by 5 Mb/d by 2026?
Will global oil demand plateau after 2035?
Global oil demand is strengthening due to robust gasoline consumption and increasing international travel as more countries re-open their borders. However, new Covid waves in Europe, weaker industrial activity and higher oil prices will temper gains, leaving our forecast for oil demand growth largely unchanged since last month’s Report at 5.5 mb/d for 2021 and 3.4 mb/d in 2022.
