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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
5 days ago · OPEC on Monday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also lowered its projection for next year, marking the producer group's third ...
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 ...
5 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.
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.
5 days ago · OPEC also slashed its forecast of global oil demand growth for 2025, lowering the expected growth by 102,000 bpd to 1.6 million bpd. Total global oil demand is thus expected to average 105.8 ...
Jan 18, 2024 · Grant Smith, BloombergJanuary 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 ...
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