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- Global oil demand growth continues to decelerate, with reported 1H24 gains of 800 kb/d y-o-y the lowest since 2020. The chief driver of this downturn is a rapidly slowing China, where consumption contracted y-o-y for a fourth straight month in July, by 280 kb/d.
www.iea.org/reports/oil-market-report-september-2024
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Sep 12, 2024 · Reported monthly data covering 80% of global oil demand during the first half of 2024 confirm the steep decline in the rate of growth in oil consumption, which we have been projecting since our first forecast for 2024 was published in June 2023.
- Growth in global oil demand is set to slow significantly by 2028
Growth in the world’s demand for oil is set to slow almost...
- Slowing demand growth and surging supply put global oil ...
New IEA medium-term outlook sees comfortably supplied oil...
- Growth in global oil demand is set to slow significantly by 2028
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.
Jun 12, 2024 · New IEA medium-term outlook sees comfortably supplied oil markets to 2030, though unwavering focus on energy security will remain crucial as powerful forces transform sector. Growth in the world’s demand for oil is expected to slow in the coming years as energy transitions advance.
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.
Jun 14, 2023 · World demand for oil is likely to drop off sharply over the next five years, the International Energy Agency said Wednesday, as a shift to electric vehicles and other cleaner technologies...
Jun 12, 2024 · Despite the slowdown in growth, global oil demand is still forecast to be 3.2 MMbpd higher in 2030 than in 2023, unless stronger policy measures are implemented, or changes in behavior take...
2 days ago · Global oil demand was expected to increase by about 0.8 million-1.2 million barrels per day in 2024 and by 1 million-1.5 million bpd in 2025, the poll showed. ... is the world’s largest ...
