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1. www.iea.org › news › slowing-demand-growth-andSlowing demand growth and surging supply put global oil ...

   www.iea.org › news › slowing-demand-growth-and

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   Jun 12, 2024 · New IEA medium-term outlook sees comfortably supplied oil markets to 2030, though unwavering focus on energy security will remain crucial as powerful forces transform sector. Growth in the world’s demand for oil is expected to slow in the coming years as energy transitions advance.

2. www.iea.org › news › growth-in-global-oil-demand-isGrowth in global oil demand is set to slow significantly by 2028

   www.iea.org › news › growth-in-global-oil-demand-is

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   Jun 14, 2023 · Growth in the world’s demand for oil is set to slow almost to a halt in the coming years, with the high prices and security of supply concerns highlighted by the global energy crisis hastening the shift towards cleaner energy technologies, according to a new IEA report released today.

3. www.worldoil.com › news › 2024/6/12Slowing demand growth and surging supply put world oil ...

   www.worldoil.com › news › 2024/6/12

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   Jun 12, 2024 · Total supply capacity is forecast to rise to nearly 114 MMbpd by 2030—a staggering 8 MMbpd above projected global demand, the report finds. This would result in levels of spare capacity never...

4. fortune.com › europe › 2024/06/13IEA: By 2030 there will be a ‘staggering’ excess of oil ...

   fortune.com › europe › 2024/06/13

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   Jun 13, 2024 · All these factors will culminate in a “staggering” excess of oil by 2030 that will far outstrip demand, Paris-based global energy watchdog International Energy Agency (IEA) warned in a report...

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

   prod.iea.org › reports › oil-2024

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   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.

7. www.mckinsey.com › industries › oil-and-gasGlobal oil supply-and-demand outlook to 2040 | McKinsey

   www.mckinsey.com › industries › oil-and-gas

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   Feb 26, 2021 · COVID-19 sent shocks through global oil markets, with oil demand and supply still struggling to return to pre-pandemic levels. Our outlook looks back at 2020 and presents our most-likely scenarios for oil demand, supply, and prices through 2040.

8. People also ask

   Is global oil demand slowing?

   • Growth in the world’s demand for oil is set to slow almost to a halt in the coming years, with the high prices and security of supply concerns highlighted by the global energy crisis hastening the shift towards cleaner energy technologies, according to a new IEA report released today.

   Growth in global oil demand is set to slow significantly by 2028

   www.iea.org/news/growth-in-global-oil-demand-is-set-to-slow-significantly-by-2028

   See all results for this question

   Will global oil demand rise by 2030?

   • “As the pandemic rebound loses steam, clean energy transitions advance, and the structure of China’s economy shifts, growth in global oil demand is slowing down and set to reach its peak by 2030. This year, we expect demand to rise by around 1 million barrels per day,” said IEA Executive Director Fatih Birol.

   Slowing demand growth and surging supply put global oil markets on

   www.iea.org/news/slowing-demand-growth-and-surging-supply-put-global-oil-markets-on-course-for-major-surplus-this-decade

   See all results for this question

   How much will oil demand rise this year?

   • This year, we expect demand to rise by around 1 million barrels per day,” said IEA Executive Director Fatih Birol. “This report’s projections, based on the latest data, show a major supply surplus emerging this decade, suggesting that oil companies may want to make sure their business strategies and plans are prepared for the changes taking place.”

   Slowing demand growth and surging supply put global oil markets on

   www.iea.org/news/slowing-demand-growth-and-surging-supply-put-global-oil-markets-on-course-for-major-surplus-this-decade

   See all results for this question

   Will IEA supply oil markets to 2030?

   • New IEA medium-term outlook sees comfortably supplied oil markets to 2030, though unwavering focus on energy security will remain crucial as powerful forces transform sector Growth in the world’s demand for oil is expected to slow in the coming years as energy transitions advance.

   Slowing demand growth and surging supply put global oil markets on

   www.iea.org/news/slowing-demand-growth-and-surging-supply-put-global-oil-markets-on-course-for-major-surplus-this-decade

   See all results for this question

9. www.reuters.com › business › energyOil demand set to peak by 2029, major supply glut looms, IEA ...

   www.reuters.com › business › energy

   Jun 12, 2024 · Global oil demand will peak by 2029 and begin to contract the next year, the International Energy Agency said on Wednesday, while oil supply capacity is due to vastly outpace demand by the end...