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1. www.iea.org › news › slowing-demand-growth-andSlowing demand growth and surging supply put global oil ...

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   Jun 12, 2024 · In parallel, a surge in global oil production capacity, led by the United States and other producers in the Americas, is expected to outstrip demand growth between now and 2030. Total supply capacity is forecast to rise to nearly 114 million barrels a day by 2030 – a staggering 8 million barrels per day above projected global demand, the ...

2. www.iea.org › reports › oil-market-report-september-2024Oil Market Report - September 2024 – Analysis - IEA

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

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   Sep 12, 2024 · Outside of China, oil demand growth is tepid at best. Latest data for the United States show a sharp decline in gasoline deliveries in June, following unexpected strength in May. As such, gasoline use in the world’s largest oil consumer declined y-o-y in five out of the first six months of this year.

3. Videos

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     Why Global Demand for Oil Is Slowing Down

     Jan 20, 2016

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     IEA Sees Global Oil Demand Hitting a Plateau Around 2030

     Nov 13, 2019

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     IEA Cuts 2023 Global Oil Demand Outlook on Slowing Economies

     Jul 13, 2023

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

   www.reuters.com › markets › commodities

   Oct 8, 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.

5. www.iea.org › news › growth-in-global-oil-demand-isGrowth in global oil demand is set to slow significantly by 2028

   www.iea.org › news › growth-in-global-oil-demand-is

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   Jun 14, 2023 · Growth in the world’s demand for oil is set to slow almost to a halt in the coming years, with the high prices and security of supply concerns highlighted by the global energy crisis hastening the shift towards cleaner energy technologies, according to a new IEA report released today.

6. www.worldoil.com › news › 2024/6/12Slowing demand growth and surging supply put world oil ...

   www.worldoil.com › news › 2024/6/12

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   Jun 12, 2024 · In parallel, a surge in global oil production capacity, led by the United States and other producers in the Americas, is expected to outstrip demand growth between now and 2030.

7. www.mckinsey.com › industries › oil-and-gasGlobal Energy Perspective 2023: Oil outlook | McKinsey

   www.mckinsey.com › industries › oil-and-gas

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   Jan 24, 2024 · Oil demand growth has started to show signs of slowing, and demand is expected to begin to decline by 2030 across all scenarios. The Global Energy Perspective 2023 models the outlook for demand and supply of energy commodities across a 1.5°C pathway, aligned with the Paris Agreement, and four bottom-up energy transition scenarios.

8. People also ask

   Is global oil demand slowing?

   • Growth in the world’s demand for oil is set to slow almost to a halt in the coming years, with the high prices and security of supply concerns highlighted by the global energy crisis hastening the shift towards cleaner energy technologies, according to a new IEA report released today.

   Growth in global oil demand is set to slow significantly by 2028

   www.iea.org/news/growth-in-global-oil-demand-is-set-to-slow-significantly-by-2028

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   Will global oil production surge outstrip demand growth?

   • In parallel, a surge in global oil production capacity, led by the United States and other producers in the Americas, is expected to outstrip demand growth between now and 2030.

   Slowing demand growth and surging supply put global oil markets on

   www.iea.org/news/slowing-demand-growth-and-surging-supply-put-global-oil-markets-on-course-for-major-surplus-this-decade

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   Will global oil demand rise by 2030?

   • “As the pandemic rebound loses steam, clean energy transitions advance, and the structure of China’s economy shifts, growth in global oil demand is slowing down and set to reach its peak by 2030. This year, we expect demand to rise by around 1 million barrels per day,” said IEA Executive Director Fatih Birol.

   Slowing demand growth and surging supply put global oil markets on

   www.iea.org/news/slowing-demand-growth-and-surging-supply-put-global-oil-markets-on-course-for-major-surplus-this-decade

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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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   Is oil demand declining in advanced economies?

   • By contrast, oil demand in advanced economies is expected to continue its decades-long decline, falling from close to 46 million barrels per day in 2023 to less than 43 million barrels per day by 2030. Apart from during the pandemic, the last time oil demand from advanced economies was that low was 1991.

   Slowing demand growth and surging supply put global oil markets on

   www.iea.org/news/slowing-demand-growth-and-surging-supply-put-global-oil-markets-on-course-for-major-surplus-this-decade

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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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9. www.reuters.com › markets › commoditiesSluggish demand, supply glut worries to weigh on oil in 2025

   www.reuters.com › markets › commodities

   2 days ago · United Kingdom; United States; Reuters NEXT; US Election; Business. Browse Business ... Global oil demand was expected to increase by about 0.8 million-1.2 million barrels per day in 2024 and by 1 ...