Ad
related to: what is the global demand for crude oil todayAccess S&P Oil & Gas Exploration & Production. Bull & Bear ETFs. Learn more. Access S&P Oil & Gas Exploration & Production. Challenge the Old Buy and Hold.
Search results
May 22, 2024 · Global crude oil demand 2005-2024. The global demand for crude oil (including biofuels) in 2023 amounted to 102.21 million barrels per day. The source expects economic activity and related oil ...
Oct 15, 2024 · The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Published October 2024.
- Global oil demand. Global liquids demand decreased m-o-m by 2.6 MMb/d to 100.4 MMb/d. The decline was driven by Europe and China, where demand decreased m-o-m by 0.8 MMb/d and 0.6 MMb/d, respectively.
- OPEC 10 production (excl. Iran, Venezuela, Libya). OPEC 10’s production decreased slightly, by 0.1 MMb/d m-o-m to 26.9 MMb/d. OPEC’s production has declined by 1.97 MMb/d since January 2023 as it continues to curtail supply, with added uncertainty due to geopolitical tension in Iran.
- Non-OPEC production (excl. US shale). Non-OPEC production decreased by 0.9 MMb/d m-o-m to 60.1 MMb/d. The decline was primarily driven by US non-shale onshore production, which witnessed a m-o-m decline of 0.5 MMb/d due to extreme cold weather disruptions.
- US shale oil production. US shale oil production declined sharply by 0.5 MMb/d m-o-m in January to 9.3 MMb/d as a result of shut-downs due to cold weather across central US.
Mar 14, 2024 · Global oil demand is forecast to rise by a higher-than-expected 1.7 mb/d in 1Q24 on an improved outlook for the United States and increased bunkering. While 2024 growth has been revised up by 110 kb/d from last month’s Report, the pace of expansion is on track to slow from 2.3 mb/d in 2023 to 1.3 mb/d, as demand growth returns to its historical trend while efficiency gains and EVs reduce use.
Jun 12, 2024 · World oil demand growth continues to slow, with 2024 gains now seen at 960 kb/d, 100 kb/d below last month’s forecast. Weak OECD deliveries pushed global demand into a narrow y-o-y contraction in March. Subpar growth of 1 mb/d in 2025 is held back by a muted economy and accelerating clean energy technology deployment.
Dec 14, 2023 · The IEA forecast global demand for OPEC crude plus withdrawals from stocks - known as the call on OPEC - will average 28.2 million bpd on average in 2024 and dip to 27.7 million bpd in the first ...
People also ask
Why is global oil demand slowing in 2024?
What is the global demand for crude oil in 2023?
What is the global demand for oil?
Will world oil demand rise faster than expected next year?
What is OPEC's forecast for world oil demand in 2023?
Will China's oil demand grow more in 2024?
Oct 3, 2024 · Global oil markets. Global oil prices and inventories The Brent crude oil spot price averaged $74 per barrel (b) in September, down $6/b from August. Prices fell in September as concerns over global oil demand growth outweighed declines in oil inventories and OPEC+ members’ decision to delay production increases until December 2024. However ...
Ad
related to: what is the global demand for crude oil todaydirexion.com has been visited by 100K+ users in the past month
Access S&P Oil & Gas Exploration & Production. Bull & Bear ETFs. Learn more. Access S&P Oil & Gas Exploration & Production. Challenge the Old Buy and Hold.
