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1. www.ogj.com › general-interest › economics-marketsWoodMac: Four questions answered on the future of oil demand

   www.ogj.com › general-interest › economics-markets

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   1 day ago · Economic growth and population trends are pivotal factors influencing long-term global oil demand. Wood Mackenzie's projections indicate an average annual GDP growth rate of 2.2% from 2024 to 2050.

2. oilprice.com › Energy › Energy-GeneralThe Future of Oil Demand Is Increasingly Clear as Trends ...

   oilprice.com › Energy › Energy-General

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   5 days ago · In other parts of the world, namely Europe and North America, the growth in EV sales has had a negligible impact on oil demand, which, per the Energy Institute, fell by 1% in Europe and 0.8% in ...

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4. marketnews.com › eia-cuts-2024-world-oil-demandEIA Cuts 2024 World Oil Demand Forecast to 102.9m B/d

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   17 hours ago · The EIA in its July Short Term Energy outlook has marginally decreased its forecast for 2024 global oil demand to 102.9m b/d, down from 103.0m bbl forecast in June. Demand for 2025 has been increased to 104.7m b/d. Total world crude and liquid fuels production has been revised down by 200k b/d to 102.4m b/d in 2024, while 2025 production is ...

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

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   4 days ago · The U.S. produced 15.6% of the world’s oil in 2023, extending its lead over Saudi Arabia and Russia. Here were the Top 10 producers of crude oil plus condensate in 2023: Top 10 Oil Producers in ...

6. www.energyconnects.com › 2024 › julyOPEC Secretary General: Every country has its own future ...

   www.energyconnects.com › 2024 › july

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   4 days ago · According to OPEC’s 2023 World Oil Outlook, oil is projected to retain the largest share of the energy mix at around 30 per cent in 2045, with global oil demand expected to increase to 116 million barrels per day (mb/d) by then, driven by the non-OECD region.

7. www.thenationalnews.com › business › energyOil on track for fourth straight week of gains on strong fuel ...

   www.thenationalnews.com › business › energy

   4 days ago · Oil prices were slightly higher on Friday and on track to record a fourth straight week of gains, on expectations of strong fuel demand and tightening supply. Brent, the benchmark for two thirds of the world’s oil, was trading 0.16 per cent higher at $87.57 a barrel at 11.37am UAE time.

8. People also ask

   Will global demand for oil rise in 2030?

   • Growing global demand for energy and petrochemicals, coupled with ongoing energy security concerns, could prompt rising demand for oil into 2030, despite the rapid deployment of green energy, according to a GlobalData response to the IEA’s recent Oil 2024 report.

   Strong oil and petrochemical demand likely to 2030, despite IEA data

   finance.yahoo.com/news/strong-oil-petrochemical-demand-likely-103641792.html

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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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   Is global oil consumption increasing?

   • Conclusions The 2024 Statistical Review of World Energy highlights an ongoing shift in oil production and consumption patterns worldwide. Notably, global oil consumption hit a new peak of over 100 million barrels per day in 2023, driven by the recovery in demand for gasoline, diesel, and kerosene post-pandemic.

   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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   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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9. finance.yahoo.com › news › strong-oil-petrochemicalStrong oil and petrochemical demand likely to 2030, despite ...

   finance.yahoo.com › news › strong-oil-petrochemical

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   5 days ago · Growing global demand for energy and petrochemicals, coupled with ongoing energy security concerns, could prompt rising demand for oil into 2030, despite the rapid deployment of green...