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1. www.forbes.com › sites › rrapierU.S. Oil Production Extends Massive Lead Over Russia And ...

   www.forbes.com › sites › rrapier

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   16 hours ago · The United States also remained the world’s top oil consumer, averaging 19.0 million BPD in 2023. China was second at 16.6 million BPD, after a double-digit percentage increase from 2022. Top 10 ...

2. www.oilandgasmiddleeast.com › business › insightsOPEC report unveils steady reserves amid shifting oil dynamics

   www.oilandgasmiddleeast.com › business › insights

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   3 days ago · World oil demand climbed by 2.56 mb/d, or 2.6%, y-o-y, reaching an average of 102.21 mb/d in 2023. This level surpasses pre-pandemic averages, driven by strong demand growth in China, India, the Middle East, Latin America, and OECD Americas.

3. Videos

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     What is OPEC? | CNBC Explains

     Jun 20, 2018

     293.2K Views

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     1:10

     reuters.com

     OPEC sees global oil demand rising to 110 million barrels per day by 2045

     Jun 26, 2023

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     3:54

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     OPEC raises oil demand growth forecast for this year

     Apr 13, 2021

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4. oilprice.com › Energy › Energy-GeneralOil Prices Surge as Geopolitical Risk and Crude Demand Both ...

   oilprice.com › Energy › Energy-General

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   2 days ago · Light crude oil futures have climbed 2.12% this week, driven by a mix of bullish factors. Geopolitical tensions in the Middle East, an unexpectedly large draw in U.S. crude inventories, and ...

5. www.reuters.com › business › energyOil prices up 2% to two-month high on summer demand hopes ...

   www.reuters.com › business › energy

   4 days ago · Oil prices gained about 2% to a two-month high on Monday on hopes of rising demand during the Northern Hemisphere's summer driving season and worries that conflict in the Middle East could spread ...

6. oilprice.com › Latest-Energy-News › World-NewsOPEC’s Oil Production Continues to Rise Despite OPEC+ Pledges

   oilprice.com › Latest-Energy-News › World-News

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   3 days ago · By Charles Kennedy - Jul 02, 2024, 1:30 PM CDT. Higher production in Nigeria and Iran boosted OPEC’s oil production in June for a second month in a row, according to the monthly Reuters survey ...

7. www.rte.ie › 2024/0702/1457758-world-oil-pricesOil rises on summer demand outlook and supply fears - RTÉ

   www.rte.ie › 2024/0702/1457758-world-oil-prices

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   4 days ago · Oil prices climbed nearly 1% today, extending gains to two-month highs on expectations of rising demand during the summer driving season and possible supply disruptions from Hurricane Beryl. Brent ...

8. People also ask

   Why are Asia's crude oil demand forecasts undermining OPEC's 2024 forecasts?

   • The lack of growth in Asia's imports of crude oil in the first half goes some way to undermining the 2024 demand forecasts from major industry groups such as the International Energy Agency (IEA) and the Organization of the Petroleum Exporting Countries (OPEC).

   Asia's first half crude oil imports slip, undermining bullish forecasts

   www.reuters.com/markets/commodities/asias-first-half-crude-oil-imports-slip-undermining-bullish-forecasts-russell-2024-07-01/

   See all results for this question

   What will OPEC expect in 2024?

   • Overall, OPEC is expecting Asia's crude demand to rise by 1.3 million bpd in 2024 from the previous year, consisting of 720,000 bpd for China, 230,000 bpd for India and 350,000 bpd for the rest of the continent.

   Asia's first half crude oil imports slip, undermining bullish forecasts

   www.reuters.com/markets/commodities/asias-first-half-crude-oil-imports-slip-undermining-bullish-forecasts-russell-2024-07-01/

   See all results for this question

   Who is the world's top oil consumer in 2023?

   • The United States also remained the world’s top oil consumer, averaging 19.0 million BPD in 2023. China was second at 16.6 million BPD, after a double-digit percentage increase from 2022. Top 10 Oil Consumers in 2023. The countries listed are the same as in 2022.

   U.S. Oil Production Extends Massive Lead Over Russia And Saudi Arabia

   www.forbes.com/sites/rrapier/2024/07/05/us-oil-production-extends-massive-lead-over-russia-and-saudi-arabia/

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   Which country produces the most oil in 2023?

   • The Top Producers In both the conventional categories of crude plus condensate — as well as the category that includes NGLs — the United States was the world’s top oil producer in 2023. The U.S. produced 15.6% of the world’s oil in 2023, extending its lead over Saudi Arabia and Russia.

   U.S. Oil Production Extends Massive Lead Over Russia And Saudi Arabia

   www.forbes.com/sites/rrapier/2024/07/05/us-oil-production-extends-massive-lead-over-russia-and-saudi-arabia/

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9. www.reuters.com › markets › commoditiesAsia's first half crude oil imports slip, undermining bullish ...

   www.reuters.com › markets › commodities

   4 days ago · OPEC's June monthly oil market report forecast that China's oil demand would grow by 720,000 bpd in 2024 over 2023, while the IEA is expecting an expansion of 500,000 bpd.