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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 ...

   • OPEC cuts 2024, 2025 global oil demand growth view again

     On Monday, OPEC in a monthly report said world oil demand...

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

   www.eia.gov › outlooks › steo

   • Cached

   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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3. www.reuters.com › markets › commoditiesOPEC cuts 2024, 2025 global oil demand growth view again

   www.reuters.com › markets › commodities

   4 days ago · On Monday, OPEC in a monthly report said world oil demand will rise by 1.93 million barrels per day (bpd) in 2024, down from growth of 2.03 million bpd it expected last month.

4. oilprice.com › Energy › Energy-GeneralEIA Slashes Forecasts of Oil Demand Growth and Oil Prices in 2025

   oilprice.com › Energy › Energy-General

   • Cached

   Oct 9, 2024 · Most of the EIA’s expected global liquid fuel demand growth is from non-OECD countries where liquid fuels consumption is set to increase by 1.0 million bpd in 2024 and 1.2 million bpd in 2025.

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

   www.eia.gov › outlooks › steo

   • Cached

   In this month’s outlook, we expect the Brent price will average $78 per barrel (b) in 2025, $7/b less than we expected in last month’s STEO. In our forecast, lower crude oil prices largely reflect a reduction for global oil demand growth in 2025. Although we reduced our crude oil price forecast, crude oil prices have risen in recent days ...

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

   www.opec.org › opec_web › static_files_project

   revised up to 1.4% and is expected to grow by 1.2% in 2025. 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.

7. People also ask

   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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   Is a global oil market oversupplied in 2025?

   • The agency also revised lower its 2025 stimate for global oil demand, which is seen growing by 1.2 million barrels a day compared to last month’s estimate of 1.5 million barrels a day. Supplies, meanwhile, are seen holding steady, adding to growing chorus of calls for an oversupplied oil market next year.

   US Oil Production Growth to Slow More Than Expected in 2025

   www.bnnbloomberg.ca/investing/2024/10/08/us-oil-production-growth-to-slow-more-than-expected-in-2025/

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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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   Will oil prices increase in 2025?

   • We estimate that global oil inventories will increase by an average of 0.5 million b/d in the second half of 2025 (2H25). We forecast the Brent price will average $84/b in 2025. Recent production outages in Libya add a new source of uncertainty for crude oil prices in the coming months.

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

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

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   What will world oil demand look like next year?

   • World oil demand is expected to grow 1.2 million barrels per day to 104.3 million bpd next year, about 300,000 bpd below prior forecasts, the EIA said. Demand would come in at around 103.1 million bpd this year, a 20,000 bpd reduction on prior forecasts, 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 liquid fuels demand grow in 2024 & 2025?

   • Our 2024 forecast is down 0.2 million b/d from last month and our 2025 forecast is down 0.1 million b/d due to downward revisions to demand in China and OECD Europe. Most of the expected liquid fuels demand growth is from non-OECD countries, which increase their liquids consumption by 1.0 million b/d in 2024 and 1.3 million b/d in 2025.

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

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

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8. www.bnnbloomberg.ca › investing › 2024/10/08US Oil Production Growth to Slow More Than Expected in 2025

   www.bnnbloomberg.ca › investing › 2024/10/08

   Oct 8, 2024 · The agency also revised lower its 2025 stimate for global oil demand, which is seen growing by 1.2 million barrels a day compared to last month’s estimate of 1.5 million barrels a day. Supplies, meanwhile, are seen holding steady, adding to growing chorus of calls for an oversupplied oil market next year.