Search results
Mar 9, 2020 · Global oil demand will grow by 5.7 mb/d over the 2019-25 period at an average annual rate of 950 kb/d. This is a sharp reduction on the 1.5 mb/d annual pace seen in the past 10-year period.
- Oil Market Report - October 2024 – Analysis - IEA
World oil demand is on track to expand by just shy of 900...
- Oil Market Report - October 2024 – Analysis - IEA
- Recap 2020
- Short-Term Up to 2025
- Long-Term Up to 2040
Demand has partially recoveredsince April 2020 but still ended the year approximately 9 million barrels per day (MMb/d) below the 2019 level, with continued COVID-19-related lockdown measures in January 2021 keeping it around 6 MMb/d lower than January 2019. Supply remained robust until April 2020 and then dropped by 13 to 14 MMb/d in May, driven b...
Oil demand is expected to return to 2019 levels by late 2021 to early 2022, depending on the duration of lockdowns and the pace of GDP recovery. Based on our Global Energy Perspectivereference-case demand insights, current OPEC+ intervention will be sufficient to help balance the market in 2021, with prices remaining at a sustained level of $50 to ...
Long-term equilibrium oil prices have decreased by $10 to $15/bbl compared with pre-COVID-19 outlooks, as driven by a flattening cost curve and lower demand. Under an OPEC-control scenario, in which OPEC maintains its market share, we see a $50 to $60/bbl equilibrium price range in the long term, fueling 10 to 11 MMb/d US shale oil and 11 to 13 MMb...
Feb 9, 2020 · Provides a granular and flexible outlook on the global liquids supply landscape until 2035 by bringing together McKinsey’s latest perspective on project-level production and economics, OPEC behavior, global energy demand, and global natural gas liquids (NGL) supply.
- 650KB
- 9
Cobalt and lithium supply requirements and expected supply from announced projects in 2035. Global oil demand, 2015-2035 - Chart and data by the International Energy Agency.
In 2023, for example, global oil demand expanded, year-on-year, by 2.6 million barrels of oil a day (mb/d) to reach an average of 102.2 mb/d. In addition, demand grew in almost every region, with the non-OECD leading the way.
Oct 3, 2024 · We forecast oil inventories will increase by an average of almost 0.6 million b/d in 2H25 as production growth globally begins to outweigh global oil demand growth. In addition to the escalating Middle East conflict, other sources of uncertainty remain.
People also ask
Will global oil demand grow in 2019-25?
How will global oil demand change in 2025?
What will drive global oil demand?
What is oil 2020?
Should we invest in New oil projects in 2023?
Will global oil demand contract in 2020?
4 days ago · World oil demand is on track to expand by just shy of 900 kb/d in 2024 and close to 1 mb/d in 2025, marking a sharp slowdown on the roughly 2 mb/d seen over the 2022-2023 post-pandemic period. China underpins the deceleration in growth, accounting for around 20% of global gains both this year and next year, compared to almost 70% in 2023.
