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1. www.reuters.com › markets › commoditiesEIA slashes US, global oil demand forecasts for 2025 | Reuters

   www.reuters.com › markets › commodities

   Oct 8, 2024 · Currently the top oil producer in the world, the U.S. is expected to pump 13.22 million bpd this year, down from a prior forecast of 13.25 million bpd, the EIA said. U.S. oil output in 2025 is now ...

   • BP Energy Outlook: both main scenarios see 2025 oil peak ...

     BP expects oil demand to peak next year and wind and solar...

2. www.eia.gov › outlooks › steoShort-Term Energy Outlook - U.S. Energy Information ...

   www.eia.gov › outlooks › steo

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   Most of our expected global liquid fuels demand growth is from non-OECD countries where liquid fuels consumption increases by 1.0 million b/d in 2024 and 1.2 million b/d in 2025, in contrast to consumption in OECD countries, which falls by 0.1 million b/d in 2024 before increasing by a similar amount in 2025.

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     Global oil, coal, and gas demand to peak by 2030: IEA

     Oct 24, 2023

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     finance.yahoo.com

     In first look at 2025, OPEC expects robust oil demand growth

     Jan 17, 2024

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     Global Oil Consumption by Country per day, Comparison Video of Oil Top 50

     Oct 8, 2023

     188 Views

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4. www.iea.org › data-and-statistics › chartsYear-on-year changes in global oil demand by quarter, 2023-2025

   www.iea.org › data-and-statistics › charts

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   Other emerging economies. Total. Appears in. China’s slowdown is weighing on the outlook for global oil demand growth. Notes. Q3 2024 to Q4 2025 values are estimated. Year-on-year changes in global oil demand by quarter, 2023-2025 - Chart and data by the International Energy Agency.

5. www.opec.org › opec_web › static_files_projectFeature article: Oil market outlook for 2025 - OPEC

   www.opec.org › opec_web › static_files_project

   World Oil Demand The global oil demand growth forecast for 2024 remains unchanged at 2.2 mb/d, with the OECD growing by around 0.3 mb/d and the non-OECD by about 2.0 mb/d. The global oil demand growth in 2025 is expected to see a robust growth of 1.8 mb/d, y-o-y. The OECD is expected to grow by 0.1 mb/d, y-o-y, while demand in

6. www.iea.org › reports › oil-2024Executive summary – Oil 2024 – Analysis - IEA

   www.iea.org › reports › oil-2024

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   By contrast, demand in advanced economies will continue its decades-long decline, falling from 45.7 mb/d in 2023 to 42.7 mb/d by 2030. Apart from during the pandemic, the last time demand was this low was in 1991. Over that same time period, oil demand from emerging and developing economies will have increased by a factor of 2.5.

7. prod.iea.org › reports › oil-market-report-april-2024Oil Market Report - April 2024 – Analysis - IEA

   prod.iea.org › reports › oil-market-report-april-2024

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   Apr 12, 2024 · In 2025, global oil supply is forecast to increase by 1.6 mb/d to a new record of 104.5 mb/d, as non-OPEC+ lead gains for a third straight year, rising by 1.4 mb/d. For context, the additional volumes from the United States, Brazil, Guyana and Canada alone could come close to meeting world oil demand growth for this year and next.

8. People also ask

   Will global oil supply increase in 2025?

   • In 2025, global oil supply is forecast to increase by 1.6 mb/d to a new record of 104.5 mb/d, as non-OPEC+ lead gains for a third straight year, rising by 1.4 mb/d. For context, the additional volumes from the United States, Brazil, Guyana and Canada alone could come close to meeting world oil demand growth for this year and next.

   Oil Market Report - April 2024 – Analysis - IEA

   prod.iea.org/reports/oil-market-report-april-2024

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   How will global oil demand grow in 2024?

   • The EIA sees global oil demand growth at 940,000 bpd in 2024, the IEA pegs it at 900,000 bpd- while OPEC forecasts just over 2 million bpd of growth. U.S. oil production is also expected to grow to smaller records both this year and next year, the EIA said.

   EIA slashes US, global oil demand forecasts for 2025 | Reuters

   www.reuters.com/markets/commodities/eia-slashes-us-global-oil-demand-forecasts-2025-2024-10-08/

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   How will oil supply change in 2024 & 2025?

   • 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. Non-OPEC+, led by the US, is set to drive world supply growth through 2025.

   Oil Market Report - April 2024 – Analysis - IEA

   prod.iea.org/reports/oil-market-report-april-2024

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   How much oil will the US produce in 2025?

   • Currently the top oil producer in the world, the U.S. is expected to pump 13.22 million bpd this year, down from a prior forecast of 13.25 million bpd, the EIA said. U.S. oil output in 2025 is now expected to average 13.54 million, down about 1% from the prior forecast of 13.67 million bpd, the EIA said.

   EIA slashes US, global oil demand forecasts for 2025 | Reuters

   www.reuters.com/markets/commodities/eia-slashes-us-global-oil-demand-forecasts-2025-2024-10-08/

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   Will oil demand peak in 2025?

   • Oil demand is expected to peak by 2025 at around 102 million barrels per day (bpd) under both scenarios. It however declines at a different pace in either outlook, driven primarily by the pace of falling oil use in road transport.

   BP Energy Outlook: both main scenarios see 2025 oil peak, rapid

   www.reuters.com/business/energy/bp-energy-outlook-both-main-scenarios-see-2025-oil-peak-rapid-renewables-growth-2024-07-10/

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   How will OPEC+ impact the oil market in 2025?

   • By mid-2025, we anticipate that the market will gradually return to moderate inventory builds as OPEC+ increases production through the year and as forecast production growth from countries outside of OPEC+ begins to outweigh global oil demand growth.

   Short-Term Energy Outlook - U.S. Energy Information Administration (EI…

   www.eia.gov/outlooks/steo/report/global_oil.php

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9. www.reuters.com › business › energyBP Energy Outlook: both main scenarios see 2025 oil peak ...

   www.reuters.com › business › energy

   Jul 10, 2024 · BP expects oil demand to peak next year and wind and solar capacity to grow rapidly in both of the two main scenarios in its annual Energy Outlook, a study of the evolution of the global energy ...