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4 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 ...
3 days ago · Overview. For the first time, global oil consumption surpassed 100 million barrels per day in 2023. The demand for gasoline, diesel, and kerosene has returned to or exceeded pre-2019 levels ...
4 days ago · The group also released a plan for gradually unwinding the voluntary curbs on a monthly basis from October 2024 until September 2025. UBS expects oil demand to grow by 1.5 million bpd this year, higher than the International Energy Agency’s growth projection of 1.1 million bpd.
4 days ago · “Our 2024 global demand growth forecast is now 1.73 million barrels per day (previously 1.68 million barrels per day), following better than expected April data,” the analysts stated in that report.
2 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.
6 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.
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3 days ago · U.S. job growth slowed marginally in June, but a rise in the unemployment rate to more than a 2-1/2 year high of 4.1% and moderation in wage gains pointed to an easing of labor market conditions ...
