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1. www.iea.org › reports › oil-market-report-march-2024Oil Market Report - March 2024 – Analysis - IEA

   www.iea.org › reports › oil-market-report-march-2024

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   Mar 14, 2024 · World oil demand growth is now forecast at 1.3 mb/d in 2024, down sharply from last year’s 2.3 mb/d expansion. The slowdown in growth, already apparent in recent data, means that oil consumption reverts towards its historical trend after several years of volatility from the post-pandemic rebound.

   • Oil 2024 – Analysis - IEA - International Energy Agency

     Oil 2024 looks beyond the short-term horizon covered in the...

2. www.iea.org › reports › oil-2024Oil 2024 – Analysis - IEA - International Energy Agency

   www.iea.org › reports › oil-2024

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   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.

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4. www.iea.org › reports › oil-market-report-may-2024Oil Market Report - May 2024 – Analysis - IEA

   www.iea.org › reports › oil-market-report-may-2024

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   May 15, 2024 · Global oil demand is now expected to rise by 1.1 mb/d in 2024, 140 kb/d less than projected in last month’s Report. Our global outlook for 2025 is largely unchanged, with the pace of growth now marginally eclipsing 2024 at 1.2 mb/d.

5. www.opec.org › opec_web › enOPEC : Monthly Oil Market Report 2024

   www.opec.org › opec_web › en

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   Monthly Oil Market Report 2024. The OPEC Monthly Oil Market Report (MOMR) covers major issues affecting the world oil market and provides an outlook for crude oil market developments for the coming year. The report provides a detailed analysis of key developments impacting oil market trends in world oil demand, supply as well as the oil market ...

6. www.opec.org › OPEC_MOMR_April_2024_archiveFeature article: Global oil demand in summer months of 2024

   www.opec.org › OPEC_MOMR_April_2024_archive

   oil demand is expected to see robust growth of 1.8 mb/d, y-o-y. The OECD is expected to grow by 0.1mb/ d, y-o-y, while demand in the non-OECD is forecast to increase by 1.7 mb/d.

7. www.statista.com › statistics › 271823Global crude oil demand 2024 | Statista

   www.statista.com › statistics › 271823

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   In 2023, world oil demand exceeded 100 million bbl/d for the first time since the pandemic. Forecasts suggest global oil demand will grow even more in 2024.

8. People also ask

   Will world oil demand grow in 2024?

   • World oil demand growth is now forecast at 1.3 mb/d in 2024, down sharply from last year’s 2.3 mb/d expansion. The slowdown in growth, already apparent in recent data, means that oil consumption reverts towards its historical trend after several years of volatility from the post-pandemic rebound.

   Oil Market Report - March 2024 – Analysis - IEA

   www.iea.org/reports/oil-market-report-march-2024

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   What is oil 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.

   Oil 2024 – Analysis - IEA - International Energy Agency

   www.iea.org/reports/oil-2024

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   How will the oil market change in 2023?

   • Refining capacity will inch up by just 330 kb/d by 2030 to 7.5 mb/d, while refinery runs are projected to rise by 270 kb/d to 5.5 mb/d by 2030. Demand will grow by 1.4 mb/d to 10.2 mb/d, increasing the region’s reliance on imports. Consequently, the net crude import requirement deepens from 3.7 mb/d in 2023 to 4.4 mb/d by 2030.

   Oil 2024

   iea.blob.core.windows.net/assets/493a4f1b-c0a8-4bfc-be7b-b9c0761a3e5e/Oil2024.pdf

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   Will non-OPEC+ oil demand increase in 2023?

   • The latter’s oil demand growth slows from 1.7 mb/d in 2023 to 620 kb/d in 2024, or from roughly three-quarters to half of the global total, under the gathering weight of a challenging economic environment and slower expansion in its petrochemical sector. As in 2023, non-OPEC+ oil supply growth will eclipse the oil demand expansion by some margin.

   Oil Market Report - March 2024 – Analysis - IEA

   www.iea.org/reports/oil-market-report-march-2024

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9. iea.blob.core.windows.net › Oil2024Oil 2024 - iea.blob.core.windows.net

   iea.blob.core.windows.net › Oil2024

   A ramping up of world oil production capacity, led by the United States and other producers in the Americas, is expected to outstrip demand growth over the 2023-2030 forecast period and inflate the world’s spare capacity cushion to levels