Search results
99.4 mb/d
- For the year as a whole, global oil demand is forecast to average 99.4 mb/d in 2022, up 1.8 mb/d y-o-y.
www.iea.org/reports/oil-market-report-may-2022
People also ask
What will global oil demand look like in 2022?
Why are oil prices so high in 2022?
When will global oil demand peak?
What is the global demand for crude oil in 2023?
May 22, 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 demand to pick up by the end...
In the Stated Policies Scenario (STEPS), global oil demand rebounds and surpasses 2019 levels by 2023, despite high prices; demand peaks in the mid-2030s at 103 million barrels per day (mb/d). In the Announced Pledges Scenario (APS), stronger policy action brings forward the peak in oil demand to the mid-2020s.
Jul 29, 2024 · Despite increasing warnings regarding climate change, global demand has continued to rise over the last few years and could continue. In this graphic, Visual Capitalist partnered with Range ETFs to explore the global oil demand and determine which region will demand the most in 2045.
May 12, 2022 · For the year as a whole, global oil demand is forecast to average 99.4 mb/d in 2022, up 1.8 mb/d y-o-y. As restrictions in China ease, summer driving picks up and jet fuel continues to recover, world oil demand is set to rise by 3.6 mb/d from an April low through August.
- World oil demand is set to contract by 110 kb/d y-o-y in 4Q22, reaching 100.8 mb/d, up by 130 kb/d compared with last month’s Report. Strong gasoil use in key consuming countries outweighs weak European and Asian petrochemical deliveries.
- World oil supply fell 190 kb/d in November to 101.7 mb/d, breaking a five-month uptrend, after Saudi Arabia and other Gulf countries curbed supply in line with lower OPEC+ output targets.
- Global refinery throughputs surged 2.2 mb/d in November to the highest since January 2020, resulting in sharply lower diesel and gasoline cracks and refinery margins.
- Russian oil exports increased by 270 kb/d to 8.1 mb/d, the highest since April as diesel exports rose by 300 kb/d to 1.1 mb/d. Crude oil loadings were largely unchanged m-o-m, even as shipments to the EU fell by 430 kb/d to 1.1 mb/d.
We have lifted our 3Q2021 global demand outlook by 0.3 MMb/d to 99 MMb/d, now 6.6 MMb/d above 1Q2021 levels. We have maintained our expectations for 2022 demand levels to average 101 MMb/d, in line with 2019 annual average levels, with 2H2022 to exceed 2H2019 levels by 0.9 MMb/d on average.
The OPEC Monthly Oil Market Report (MOMR) covers major issues affecting the world oil market and provides an outlook for crude oil market developments for the coming year. The report provides a detailed analysis of key developments impacting oil market trends in world oil demand, supply as well as the oil market balance.
