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- Analysts expect oil demand to grow by between 0.99 and 1.4 million barrels per day (mbpd) in 2024, slightly above the 0.96 mbpd forecast by the Paris-based International Energy Agency.
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4 days ago · The investment bank estimated the world's oil demand would continue to rise for at least the next 10 years, with crude demand peaking at around 110 million barrels a day in 2034. That's due to ...
5 days ago · Crude oil prices rose to a two-month high amid optimistic demand outlooks and a decline in US stockpiles, sparking concerns of a resurgence in inflation.
4 days ago · The IEA's monthly Oil Market Report (OMR) is the exclusive source for official government statistics from all OECD countries, as well as selected non-OECD countries, together with both historical datasets and supply-and-demand forecasts for the year ahead.
5 days ago · Oil Edges Higher as Demand Expectations Offset Dollar Strength. (Reuters) – Oil prices firmed slightly on Monday as traders weighed support from expected summer demand and geopolitical tensions against a stronger dollar. Brent crude futures were up 22 cents, or 0.3%, at $85.46 a barrel by 1053 GMT. U.S. West Texas Intermediate crude futures ...
5 days ago · Oil rates are predicted to hold above $80 a barrel this year, with analysts polled modifying up their 2024 projections for a 2nd time on expectations supply will lag demand in the middle of conflict in the Middle East and as OPEC+ preserves output cuts. A survey of 43 economic experts and experts surveyed in the last two weeks anticipate that Brent crude would average $84.62. a barrel in 2024 ...
5 days ago · However, the IEA still expects oil demand to grow. From a global base of 103.2 million barrels per day (BPD) in 2024, the IEA believes demand will grow to 105.6 million BPD by 2029 and decrease slightly to 105.5 million BPD in 2030 (Table 2 in the report).
