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4 days ago · Global oil demand is expected to grow by just under 900 kb/d in 2024 and by around 1 mb/d in 2025, significantly lower than the 2 mb/d seen in 2023. Chinese oil demand is particularly weak, with consumption dropping by 500 kb/d y-o-y in August – its fourth consecutive month of declines.
revised up to 1.4% and is expected to grow by 1.2% in 2025. World Oil Demand The global oil demand growth forecast for 2024 remains unchanged at 2.2 mb/d, with the OECD growing by around 0.3 mb/d and the non-OECD by about 2.0 mb/d. The global oil demand growth in 2025 is expected to see a robust growth of 1.8 mb/d, y-o-y.
Jul 10, 2024 · BP expects oil demand to peak next year and wind and solar capacity to grow rapidly in both of the two main scenarios in its annual Energy Outlook, a study of the evolution of the global energy ...
We forecast that global consumption of liquid fuels will increase by 0.9 million b/d in 2024 and 1.3 million b/d in 2025. Our 2024 forecast is down from last month due to downward revisions to demand in China and our 2025 forecast is down primarily because of downward revisions to demand in OECD countries.
Jul 11, 2024 · Oil and gas major BP predicts that the world’s demand for oil will peak next year, ending rising global carbon emissions by the mid-2020s as wind and solar power continue to surge, reports the Guardian. The company’s latest outlook report concludes that oil use will increase by about 2m barrels a day to peak at about 102m in 2025 across ...
3 days ago · Global oil demand is projected to peak by the end of the decade as climate and energy-security risks push countries to accelerate electrifying their economies to meet surging demand, the ...
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Jan 18, 2024 · Grant Smith, BloombergJanuary 18, 2024. (Bloomberg) – OPEC forecast that global oil demand will continue to increase strongly next year and exceed growth in supplies, according to the group’s ...
