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Jun 17, 2024 · But that short-term outlook was overshadowed by a new report from the Paris-based International Energy Agency (IEA) that said global oil demand will continue to slow in the coming years until...
Jun 12, 2024 · Canadian and United States oil producers are set to break output records through 2030, according to the International Energy Agency (IEA) in a new report calling for a “staggering” global surplus of crude by the end of the decade. The agency’s latest annual oil forecast calls for global oil demand to peak by 2029, and begin to shrink the ...
December 31, 2023. Oil prices in 2023 were volatile as the market faced several uncertainties. Rising geopolitical tensions, which typically drive up prices as supply concerns overtake the market, did not move oil prices upward and expectations for softening demand growth—the EIA forecasts an increase in demand of.
The sector is transforming. So is our price forecast. Deloitte’s energy, oil, and gas price forecast takes many factors into account, including historical trends, future market changes, current supply and demand, and global geopolitical changes.
Apr 16, 2024 · Oil price prediction for the next 5 years and beyond: some expect demand for fossil fuels could fall in the medium-to-long-term, leading to a lower oil price in 5-10 years’ time. EIA expects the average Brent crude prices at $61/bbl in 2025 and $73/bbl in 2030.
Nov 2, 2023 · Overall, J.P. Morgan Research estimates that global oil markets could face a 1.1 mbd deficit in 2025, widening to 7.1 mbd in 2030. Consequently, oil prices could spike to $150/bbl over the near to medium term and $100/bbl over the long term — above J.P. Morgan Research’s $80/bbl long-term forecast.
What Drives Crude Oil Prices?, Short-Term Energy Outlook, CAPP Forecasts Capital Investment for Canadian Oil and Natural Gas Sector to Reach $40.6 Billion in 2024,
