Yahoo Canada Web Search

Search results

1. Top Stories

   • 

     Why OPEC is downgrading its demand forecast for the 3rd time in 3 months

     ​OPEC is now forecasting that demand for oil will grow more slowly than it had previously expected for the rest of this year and for 2025. It’s the third time in as many months that the Organization of the Petroleum Exporting Countries has downgraded its forecast.

     Marketplace

     5 days ago

   • 

     Reuters on MSN.com

     Opec again lowers forecast of global oil demand growth in 2024, 2025

     5 days ago

   • 

     MarketWatch

     OPEC trims forecast for oil-demand growth in 2024 and 2025

     5 days ago

   • 

     cnbctv18

     OPEC cuts global oil demand projections for 2024 and 2025 in latest revision

     5 days ago

   View all

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

   www.opec.org › opec_web › static_files_project

   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

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. www.reuters.com › markets › commoditiesIn first look at 2025, OPEC expects robust oil demand growth

   www.reuters.com › markets › commodities

   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. www.opec.org › opec_web › enWorld Oil Outlook - OPEC

   www.opec.org › opec_web › en

   • Cached

   OPEC’s World Oil Outlook (WOO) is part of the Organization’s commitment to market stability. The publication is a means to highlight and further the understanding of the many possible future challenges and opportunities that lie ahead for the oil industry. It is also a channel to encourage dialogue, cooperation and transparency between OPEC ...

6. www.reuters.com › business › energyOPEC boosts long-term oil demand outlook, driven by ...

   www.reuters.com › business › energy

   Sep 24, 2024 · OPEC expects world oil demand to reach 118.9 million barrels per day (bpd) by 2045, around 2.9 million bpd higher than expected in last year's report. ... BP projects oil use will peak in 2025 and ...

7. www.spglobal.com › commodityinsights › enOPEC optimistic on global oil demand growth in 2024, 2025 on ...

   www.spglobal.com › commodityinsights › en

   • Cached

   Jan 17, 2024 · OPEC's positive demand growth projections are based on an expected economic growth of 2.8% in 2025, compared to 2.6% in 2024, on declining inflation and expectations for key policy rates to peak in the first half of 2024.

8. People also ask

   Why did OPEC cut its forecast for 2025?

   • OPEC said this year's demand growth was still above the historical average of 1.4 million bpd seen prior to the COVID-19 pandemic, which caused a plunge in oil use. For next year, OPEC cut its 2025 global demand growth estimate to 1.64 million bpd from 1.74 million bpd.

   OPEC cuts 2024, 2025 global oil demand growth view again

   www.reuters.com/markets/commodities/opec-cuts-2024-2025-global-oil-demand-growth-view-again-2024-10-14/

   See all results for this question

   Will OPEC increase oil demand in 2024?

   • 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. Until August, OPEC had kept the forecast unchanged since it was first made in July 2023. China accounted for the bulk of the 2024 downgrade.

   OPEC cuts 2024, 2025 global oil demand growth view again

   www.reuters.com/markets/commodities/opec-cuts-2024-2025-global-oil-demand-growth-view-again-2024-10-14/

   See all results for this question

   What is OPEC demand in 2025?

   • : OPEC.Balance of supply and demand in 2025Based on an initial forecast for global demand, total non-OPEC supply and OPEC NGLs, demand for OPEC crude in 2025 is forecast to stand at 29.0 mb/d, which is 0.5 mb/d higher than the forecast level in 2024.Compared with the same quarters in 2024, demand for OPEC crude in 1Q25 and 2Q25 is forecast to b

   Feature article: Oil market outlook for 2025 - OPEC

   www.opec.org/opec_web/static_files_project/media/downloads/publications/OPEC_MOMR_January-2024.pdf

   See all results for this question

   What is the outlook for non OPEC oil supply in 2025?

   • gins, mostly in China and the Middle East. Non-OPEC oil supply in 2025 is forecast to grow by 1.3 mb/d, y-o-y, supported by exp cted healthy demand and upstream investment. Oil and gas upstream CAPEX investment in non-OPEC ountries is expected at around $473 billion. This is slig

   Feature article: Oil market outlook for 2025 - OPEC

   www.opec.org/opec_web/static_files_project/media/downloads/publications/OPEC_MOMR_January-2024.pdf

   See all results for this question

   Will world oil demand rise in 2025?

   • 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 month.

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

   www.reuters.com/markets/commodities/opec-sticks-2024-oil-demand-view-sees-more-growth-2025-2024-01-17/

   See all results for this question

   How much oil will OPEC expect in 2045?

   • OPEC expects world oil demand to reach 118.9 million barrels per day (bpd) by 2045, around 2.9 million bpd higher than expected in last year's report. The report rolled out its timeline to 2050 and expects demand to hit 120.1 million bpd by then. That is far above other 2050 forecasts from the industry.

   OPEC boosts long-term oil demand outlook, driven by developing worl…

   www.reuters.com/business/energy/opec-rolls-out-global-oil-outlook-2050-sees-no-peak-demand-2024-09-24/

   See all results for this question

9. www.worldoil.com › news › 2024/1/18OPEC sees “robust” global oil demand in 2025 - World Oil

   www.worldoil.com › news › 2024/1/18

   • Cached

   Jan 18, 2024 · (Bloomberg) – OPEC forecast that global oil demand will continue to increase strongly next year and exceed growth in supplies, according to the group’s first detailed assessment of 2025.