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2. www.reuters.com › markets › commoditiesOil prices to stay steady as China demand woes offset Mideast ...

   www.reuters.com › markets › commodities

   22 hours ago · 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.

3. www.iea.org › events › oil-market-report-july-2024Oil Market Report – July 2024 - Event - IEA

   www.iea.org › events › oil-market-report-july-2024

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   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.

4. www.businessinsider.com › oil-supply-outlookOil Outlook: Market Risks Supply Shortage As Peak Demand Is ...

   www.businessinsider.com › oil-supply-outlook

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   4 days ago · Oil demand will rise for another 10 years, though producers are pulling back on new investment. The bank estimated oil demand would peak around 110 million barrels a day in 2034.

5. www.aogr.com › web-exclusives › exclusive-storyEIA Projects Long-Range Growth For Both Oil And Gas - AOGR

   www.aogr.com › web-exclusives › exclusive-story

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   4 days ago · “The projected increase in domestic crude oil production, recovery in global liquid fuels demand, and increase in U.S. refinery inputs mean the U.S. returns to net petroleum exporter status, on a volume basis, by 2024,” according to AEO2021.

6. www.energyconnects.com › news › oilOil Stuck in Narrow Range Ahead of Key US Economic Figures

   www.energyconnects.com › news › oil

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   2 days ago · Photographer: Ian Tuttle/Bloomberg. (Bloomberg) -- Oil steadied ahead of US economic data, as the market seeks a catalyst to break out of the tightest trading range in over three years. Brent traded near $85 a barrel and has swung in a narrow range of $1.76 so far this week, the smallest fluctuation since early 2021.

7. www.euronews.com › business › 2024/06/24Crude oil prices surge sparking concerns of raised inflation ...

   www.euronews.com › business › 2024/06/24

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   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.

8. People also ask

   Will oil demand grow in 2024?

   • 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. On the supply side, meanwhile, most analysts noted that crude production from non-OPEC countries is rising.

   Oil prices to stay steady as China demand woes offset Mideast risks - Re…

   www.reuters.com/markets/commodities/oil-prices-stay-steady-china-demand-woes-offset-mideast-risks-2024-06-28/

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   How much oil will the United States produce in 2022 & 2023?

   • EIA reports that U.S. oil production fell from more than 13.0 MMbbl/d in March 2020 to 10.9 MMbbl/d in February 2021, and says it expects output to continue to slip before bottoming out later this year. From that future low point, the agency’s forecast would require the country to add some 2.3 MMbbl/d-2.5 MMbbl/d over the course of 2022 and 2023.

   EIA Projects Long-Range Growth For Both Oil And Gas - AOGR

   www.aogr.com/web-exclusives/exclusive-story/eia-projects-long-range-growth-for-both-oil-and-gas

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   How much will oil cost in 2023?

   • 2023 Outlook. By the end of 2023, experts anticipate a price range of $70-$90 per barrel. This forecast, based on data from Capital.com, OilPrice.com, and EIA, suggests a trend toward stabilization in the face of economic headwinds that may reduce demand. 2024 Projections. Prices are expected to continue to decline in the same range next year.

   Crude Oil Price Forecast: 2024 and Beyond - LiteFinance

   www.litefinance.org/blog/analysts-opinions/oil-price-prediction-forecast/

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   Why did oil prices drop in 2023?

   • "While peak oil demand is still a decade away, capital is slowing for the production of crude oil and oil products, contributing to constrained supply in the medium term," they later added. Oil prices slumped at the end of 2023, in part due to booming crude production in the US and other countries.

   The oil market is at risk of a supply shortage as peak demand is still 10 y…

   www.businessinsider.com/oil-supply-outlook-shortage-crude-demand-production-opec-prices-brent-2024-6

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9. www.litefinance.org › blog › analysts-opinionsCrude Oil Price Forecast: 2024 and Beyond - LiteFinance

   www.litefinance.org › blog › analysts-opinions

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   5 days ago · Oil Price Predictions from JP Morgan. JPMorgan, expecting a potentially turbulent supercycle in the market, predicts that Brent crude will range between $90 and $110 in 2024 and elevate to $100 and $120 in 2025 amidst global supply apprehensions and recent production cuts from crucial producers like OPEC and Russia.