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5 days ago · A year ago, the IEA forecasted that global oil demand would peak by the end of the decade, with a 6% increase to 105.7 million barrels per day (b/d) from 2022 to 2028. In contrast, S&P Global Commodity Insights projects global oil demand, including biofuels, will reach a peak of around 109 million b/d in 2034, followed by a gradual decline, not falling below 100 million b/d until 2050.
3 days ago · There is a pretty simple equation for global oil demand: Global oil demand = World population X Per capita oil demand ... 8.6 billion in 2030, and 9.7 billion in 2050 ...
22 hours ago · 3 days Former Top Singapore Oil Trader Hit With $3.5-Billion ... Its Refining Capacity by 800,000 Bpd by 2030. ... to account for nearly 45% of incremental global gas demand this year. The primary ...
2 days ago · OPEC sees no sign of global oil demand peaking and expects it to rise to at least 120 mil b/d in 2050, it said in its World Oil Outlook released Sept. 24. OPEC also revised its estimate of global oil demand in 2045 to 118.9 million b/d, a 2.5% upward revision on its 2023 estimate.
23 hours ago · (Bloomberg) -- Global demand for natural gas will hit an all-time high next year as competition for seaborne fuel intensifies between Asia and Europe, according to the International Energy Agency. After a drop in imports this year, Europe will need more liquefied natural gas in 2025, tightening both the market and price spreads with Asia, the Paris-based agency said in a market report Thursday.
6 days ago · As of 2023, new projections from Enverus Intelligence Research and the U.S. Energy Information Administration suggest that peak oil demand will not occur before 2030. Enverus forecasts global oil demand to reach 108 million barrels per day by 2030, driven by slower improvements in fuel economy and electric vehicle adoption in the U.S.
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1 day ago · Global gas demand is forecast to rise by more than 2.5% in 2024, with similar growth expected in 2025, according to the latest edition of the IEA’s annual Global Gas Security Review. Fast-growing markets in Asia account for a large amount of the increase while a rebound in Europe’s industrial gas demand is also contributing, even though it remains well below its pre-crisis levels.
