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1 day ago · Global energy consumption increased by 12.3 exajoules from 2022. Fossil fuels contributed 7.8 exajoules (63.6% of the increase) while renewables contributed the remaining 4.5 exajoules. Global ...
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.
5 days ago · As announced previously, the April 2024 edition of the OMR will include the IEA’s forecasts for global oil supply and demand in 2025. The OMR is a subscription service, released around the middle of each month.
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 days ago · Particularly, China, the world's largest oil importer, is expected to see a 1.7% rise in fuel demand, equating to 3 million tons, in 2024, according to Sinopec, China's biggest refiner....
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 ...
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4 days ago · After falling in 2020 in step with crude oil production, EIA projects that associated natural gas will return to 2019 levels in 2024 and then steadily increase at a modest rate through 2050, primarily driven by increased drilling in the Permian.
