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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.
- Oil Market Report - September 2024 – Analysis - IEA
Reported monthly data covering 80% of global oil demand...
- Year-on-year changes in global oil demand by quarter, 2023-2025
Other emerging economies. Total. Appears in. China’s...
- Oil Market Report - September 2024 – Analysis - IEA
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.
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 10, 2024 · LONDON, July 10 (Reuters) - BP (BP.L) 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 ...
Sep 12, 2024 · Reported monthly data covering 80% of global oil demand during the first half of 2024 confirm the steep decline in the rate of growth in oil consumption, which we have been projecting since our first forecast for 2024 was published in June 2023. Demand rose by 800 kb/d year-on-year over the first half of the year, dramatically lower than the ...
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 ...
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Other emerging economies. Total. Appears in. China’s slowdown is weighing on the outlook for global oil demand growth. Notes. Q3 2024 to Q4 2025 values are estimated. Year-on-year changes in global oil demand by quarter, 2023-2025 - Chart and data by the International Energy Agency.
