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Mar 14, 2024 · Global oil demand is forecast to rise by a higher-than-expected 1.7 mb/d in 1Q24 on an improved outlook for the United States and increased bunkering. While 2024 growth has been revised up by 110 kb/d from last month’s Report, the pace of expansion is on track to slow from 2.3 mb/d in 2023 to 1.3 mb/d, as demand growth returns to its historical trend while efficiency gains and EVs reduce use.
Jun 12, 2024 · Oil 2024 looks beyond the short-term horizon covered in the IEA’s monthly Oil Market Report to provide a comprehensive overview of evolving oil supply and demand dynamics through to 2030. The report provides detailed analysis and forecasts of oil demand fundamentals across fuels, sectors and regions. It also outlines projected supply from ...
Jun 11, 2024 · World crude oil and liquid fuels consumption is expected to rise by 1.1 million bpd to 103 million bpd this year, the EIA said. That compares with a previous forecast of around 102.8 million bpd ...
Oil 2024 Executive summary P AGE | 8 I EA. CC BY 4.0. World oil demand tempered by clean energy transition Based on today’s market conditions and policies, global oil demand will level off . at around 106 mb/d towards the end of the decade amid the accelerating transition . to clean energy technologies. Surging EV sales and continued efficiency
Jun 14, 2024 · However, the IEA still expects oil demand to grow. From a global base of 103.2 million barrels per day (BPD) in 2024, the IEA believes demand will grow to 105.6 million BPD by 2029 and decrease ...
Jan 26, 2024 · On Friday, Jan. 26, 2024, World Oil hosted its 56th annual Forecast Breakfast at the Norris Conference Center in Houston, Texas. In an event described as a “first look” at upcoming upstream ...
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Jun 12, 2024 · In parallel, a surge in global oil production capacity, led by the United States and other producers in the Americas, is expected to outstrip demand growth between now and 2030.
