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

   www.reuters.com › markets › commodities

   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.

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

     OPEC left its 2025 view unchanged at 2.9% and said there was...

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

     OPEC, in a monthly report, said world oil demand will rise...

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 › business › energyOPEC again lowers 2024, 2025 global oil demand growth view

   www.reuters.com › business › energy

   Sep 10, 2024 · OPEC left its 2025 view unchanged at 2.9% and said there was potential to revise up next year's figure. For next year, OPEC cut its 2025 global oil demand growth estimate to 1.74 million bpd from ...

4. 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 ...

5. 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.

6. www.ft.com › content › aef7ade0-f15b-491a-b1bc-e623cLive news: Oil prices fall on concerns over Chinese economy

   www.ft.com › content › aef7ade0-f15b-491a-b1bc-e623c

   6 days ago · In 2025, Opec estimates global demand growth of 1.64mn barrels a day, down from the previously estimated 1.74mn barrels a day. Total demand next year is estimated at 105.78mn barrels a day.

7. People also ask

   What is OPEC's outlook for 2025?

   • OPEC left its 2025 view unchanged at 2.9% and said there was potential to revise up next year's figure. For next year, OPEC cut its 2025 global oil demand growth estimate to 1.74 million bpd from 1.78 million bpd, also at the top end of what the industry expects.

   OPEC again lowers 2024, 2025 global oil demand growth view

   www.reuters.com/business/energy/opec-again-lowers-2024-2025-global-oil-demand-growth-view-2024-09-10/

   See all results for this question

   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

   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/

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   How much oil will OPEC invest in 2025?

   • On the supply side, it forecast non-OPEC upstream investment to drop to $473 billion in 2025 from $482 billion in 2024 and $487 billion in 2023. OPEC estimated OECD commercial oil stocks at 2.819 billion barrels as of November 2023, up 7.3 million barrels month on month.

   OPEC optimistic on global oil demand growth in 2024, 2025 on strong

   www.spglobal.com/commodityinsights/en/market-insights/latest-news/oil/011724-opec-optimistic-on-global-oil-demand-growth-in-2024-2025-on-strong-economic-forecasts

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   What is OPEC crude demand in 2025?

   • b/d higher than the estimated level in 2023.Based 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 Dema duction Demand for OPEC crude3530252015

   Feature article: Oil market outlook for 2025 - OPEC

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

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8. 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 ...