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- The outlook for 2024 suggests oil demand will rise more rapidly than supply from producers outside OPEC. OPEC expects non-OPEC supply to rise by 1.4 million bpd, lagging demand growth and the same rate as 2023. As a result, OPEC forecast the world will need 30.2 million bpd in 2024 from its members to balance the market, up 800,000 bpd from 2023.
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The 2024 OPEC World Oil Outlook (WOO) was launched today at the ROG.E conference in Rio de Janeiro, Brazil. First published in 2007, and now in its 18th edition, the Organization’s flagship annual publication offers a detailed review and assessment of the medium- and long-term prospects for the global oil and energy sectors.
- OPEC Digital Publications
Foreword. For OPEC, it is a great honour to launch the World...
- World Oil Outlook
OPEC’s World Oil Outlook (WOO) is part of the Organization’s...
- OPEC Digital Publications
Foreword. For OPEC, it is a great honour to launch the World Oil Outlook (WOO) 2024 in Brazil. The country’s comprehensive and inclusive approach to energy issues has been on display through its G20 presidency in 2024, and will no doubt be central to its hosting of COP30 in 2025. This stance is fully in line with OPEC’s development of its ...
OPEC’s World Oil Outlook (WOO) is part of the Organization’s commitment to market stability. The publication is a means to highlight and further the understanding of the many possible future challenges and opportunities that lie ahead for the oil industry.
OPEC’s World Oil Outlook 2024 to be launched in Rio de Janeiro on 24 September. Vienna, Austria, 10 September 2024--The Organization of the Petroleum Exporting Countries (OPEC) will launch the 18th edition of its World Oil Outlook (WOO) at ROG.e 2024 in Rio de Janeiro, Federative Republic of Brazil.
5 days ago · The Organization of the Petroleum Exporting Countries, in its 2024 World Oil Outlook published on Tuesday, ... OPEC's 2029 forecast is more than 6 million bpd higher than that of the IEA, which ...
Jul 10, 2024 · OPEC sees world oil demand rising by 2.25 million bpd in 2024. Expects an increase of 1.85 million bpd in 2025. Both forecasts unchanged from last month. Oil forecasters split more widely...
Jun 11, 2024 · LONDON, June 11 (Reuters) - OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024, despite lower-than-expected use in the first quarter, saying travel...
