Search results
The forecast for world economic growth is revised up slightly to 2.9% for 2023, but remains unchanged at 2.6% for 2024. US economic growth is revised up to 2.4% for 2023 and 1% for 2024. Eurozone economic growth .0 remains unchanged at 0.2% for 2023 and 0.5% for 2024. Japan’s economic growth is revised down to 1.7% for 2023 and 0.9% for 2024.
Apr 12, 2024 · World oil demand growth continues to lose momentum with 1Q24 growth of 1.6 mb/d, 120 kb/d below our previous forecast due to exceptionally weak OECD deliveries. With the post-Covid rebound now largely complete, and vehicle efficiencies and an expanding EV fleet acting as further drags on oil demand, growth in 2024 and 2025 slows to 1.2 mb/d and 1.1 mb/d, respectively.
Jan 17, 2024 · OPEC, in a monthly report, said world oil demand will rise by 1.85 million barrels per day in 2025 to 106.21 million bpd. For 2024, OPEC saw demand growth of 2.25 million bpd, unchanged from last ...
- 5 min
- Alex Lawler
Mar 22, 2024 · The world’s third-biggest oil importer behind China and the U.S., India is set to be the single largest source of global demand growth between now and 2030, according to the IEA.
Feb 15, 2024 · Global oil demand growth is losing momentum, the International Energy Agency (IEA) said on Thursday as it trimmed its 2024 growth forecast, in sharp contrast to the view held by producer group OPEC.
World oil output increased by 320 kb/d in October to 102 mb/d. Growth in the United States and Brazil is outperforming forecasts, helping to propel global supply higher by 1.7 mb/d to a record 101.8 mb/d in 2023. Non-OPEC+ will again drive overall growth in 2024, projected at 1.6 mb/d. There has been no material impact on oil supply flows from ...
Feb 13, 2024 · OPEC said in a monthly report that world oil demand will rise by 2.25 million barrels per day in 2024 and by 1.85 million bpd in 2025 ... into the first half of 2024 and raised its economic growth ...
