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  1. www.mckinsey.com › industries › oil-and-gasSnapshot of global oil supply and demand: March 2024

    Apr 24, 2024 · Our dashboard explores key short-term signposts impacting oil demand, supply, and prices. Elif Kutsal. Dominika Balikova. Nishant Nair. April 24, 2024 Brent crude oil prices rose in March, increasing by USD1.9/bbl m-o-m to USD85.4/bbl. Prices rose due to tighter oil supplies on account of OPEC+ cuts, resilient economic growth, and continued ...

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  2. www.iea.org › reports › oil-2024Executive summary – Oil 2024 – Analysis - IEA

    Emerging economies in Asia, particularly China and India, account for all of global demand growth. By contrast, oil demand in advanced economies falls sharply. Rising world oil supplies, led by non‑OPEC+ producers, are expected to surpass forecast demand from 2025 onwards.

  3. www.reuters.com › business › energyWorld oil demand next year to rise faster than expected, IEA ...

    Dec 14, 2023 · LONDON, Dec 14 (Reuters) - World oil demand will rise faster than expected next year, the International Energy Agency (IEA) said on Thursday, a sign that the outlook for near-term oil use...

  4. www.iea.org › reports › oil-market-report-march-2024Oil Market Report - March 2024 – Analysis - IEA

    Mar 14, 2024 · Global supply for 2024 is forecast to increase 800 kb/d to 102.9 mb/d, including a downward adjustment to OPEC+ output. Refinery crude runs are forecast to rise from a February-low of 81.4 mb/d to a summer peak of 85.6 mb/d in August.

  5. www.iea.org › data-and-statistics › chartsWorld oil supply and demand, 1971-2018 – Charts – Data ...

    Jul 29, 2021 · Oil statistics 2019, World oil supply and demand, 1971-2018. ... A Global Pathway to Keep the 1.5 °C Goal in Reach. 2023 Update. Flagship report — September 2023

  6. prod.iea.org › reports › oil-2024Oil 2024 – Analysis - IEA

    Jun 12, 2024 · The report provides detailed analysis and forecasts of oil demand fundamentals across fuels, sectors and regions. It also outlines projected supply from planned upstream and downstream projects around the world.

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  8. www.mckinsey.com › industries › oil-and-gasGlobal Energy Perspective 2023: Oil outlook | McKinsey

    Jan 24, 2024 · After a steep decline due to COVID-19, oil demand increased to pre-pandemic levels in 2023 at 101.7 million barrels per day (MMb/d). However, growth may not last long, as peak demand is projected to materialize before 2030 across our four bottom-up energy transition scenarios.