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1. 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

2. 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.

3. www.reuters.com › markets › commoditiesCiti says 2025 oil prices could average $60/bbl without ...

   www.reuters.com › markets › commodities

   Sep 4, 2024 · If producer group OPEC+ doesn't reduce production further, the average price of oil could drop to $60 per barrel in 2025 due to reduced demand and increased supply from non-OPEC countries, Citi ...

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

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   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.investopedia.com › opec-cuts-oil-demandOPEC Cuts Oil Demand Outlook, Again - Investopedia

   www.investopedia.com › opec-cuts-oil-demand

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   5 days ago · The coalition of oil-producing nations said in its monthly report that world oil demand is set to rise by 1.93 million barrels per day (B/D) in 2024 and 1.64 million B/D in 2025. Last month, OPEC ...

7. People also ask

   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/

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   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/

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   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

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   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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   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

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   Will OPEC increase the world's thirst for oil in 2024?

   • Receive daily email alerts, subscriber notes & personalize your experience. In its closely watched monthly oil market report, OPEC estimated the world's thirst for oil to increase 2.25 million b/d in 2024 and another 1.8 million b/d in 2025, on the back of a strengthening Chinese economy.

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

   www.spglobal.com › commodityinsights › en

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   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.