Search results
Oct 26, 2020 · According to the International Energy Agency (IEA), global oil supply rose to 91.7 million barrels per day in Q3 2020, following a nine-year low of 86.9 million barrels per day (bpd) at the end of Q2 2020. After OPEC and its allies reduced production cuts from 9.7 to 7.7 million bpd in August, recovery in countries outside of OPEC has stalled.
Feb 26, 2021 · Long-term up to 2040. 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 ...
Feb 9, 2020 · 2020 supply stack Production Oil sands from sanctioned projects 0.3 OPEC Gulf Shale oil (including production from spare capacity 92.3 –37.1 2.4 41.7 7.8 4.1 100.8 37.6 MMb/d NGL and other liquids2 Other3 OPEC Gulf Shale oil4 Oil sands Deepwater Shallow water Crude and condensate = 76.5 79.3 Global oil-supply growth 2020–40, MMb/d ...
- 650KB
- 9
Forecasts suggest global oil demand will grow even more in 2024. ... Average daily time spent on social media worldwide 2012-2024 ... Proved oil reserves in Mexico 1990-2020; Quarterly oil demand ...
Apr 12, 2024 · Global oil demand growth is currently in the midst of a slowdown and is expected to ease to 1.2 million barrels a day (mb/d) this year and 1.1 mb/d in 2025 – bringing a peak in consumption into view this decade. This is primarily the result of a normalisation of growth following the disruptions of 2020-2023, when oil markets were shaken by ...
Sep 28, 2021 · Global oil demand is forecast to rise by 17.6 million b/d between a long-term period of 2020 and 2045, growing to 108.2 million b/d in 2045 from 90.6 million b/d in 2020.
People also ask
Will global oil demand increase in 2025?
What is the global demand for crude oil in 2023?
What is the global demand for oil?
Is global oil demand coming to an end?
Why did global oil consumption rise in 2022 & 2023?
When will oil demand peak?
Sep 14, 2021 · By the end of 2021, the IEA sees oil consumption reaching 99.1 million b/d, around 4.7 million b/d higher than at the end of 2020, but still 1.1 million b/d lower than at the end of 2019. Overall, the IEA sees global oil product demand returning to 2019 levels in 2022, despite a 1.3 million b/d lag in jet and kerosene demand from 2019 levels.
