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- In 2021, OPEC expects oil demand to rise by 5.95 million bpd, higher than the IEA figure of 5.3 million bpd and the EIA forecast of 5 million bpd. For OPEC's 2021 oil demand growth forecast to be met, world oil demand needs to average 99.82 million bpd in the fourth quarter – almost 1 million bpd higher than the IEA's fourth-quarter projection.
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.
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Sep 28, 2021 · The 2021 OPEC World Oil Outlook (WOO) was launched today in Vienna, Austria. The 15th edition of the WOO presents an in-depth review of the OPEC Secretariat’s ongoing analysis of the impacts of the COVID-19 pandemic, and contains medium- and long-term projections for the global oil and energy industry. This includes analysis of the industry ...
Abu Dhabi, United Arab Emirates, 16 November 2021--The Organization of the Petroleum Exporting Countries (OPEC) today held a special session to present the 15th edition of its World Oil Outlook (WOO), as part of the Organization’s participation at ADIPEC 2021 in Abu Dhabi, United Arab Emirates (UAE). Under the patronage of HH Sheikh Khalifa ...
OPEC Digital Publications Overview. Monthly Oil Market Report. Annual Statistical Bulletin. Data Policy Disclaimer.
Sep 28, 2021 · "What is clear in this year's WOO is that energy and oil demand have picked up significantly in 2021, after the massive drop in 2020, and continued expansion is forecast for the longer-term,"...
The global population is set to increase by 1.6 billion between 2021 and 2045, from 7.9 billion to 9.5 billion. Population growth in the non-OECD region accounts for over 96% of the expected total increase, with the OECD accounting for under 4%.
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Oil demand sees robust medium-term growth and reaches over 120 mb/d by 2050, driven by the non-OECD. Global oil demand is projected to reach 112.3 million barrels a day (mb/d) in 2029, representing a strong increase of 10.1 mb/d compared to 2023.
