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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.
World oil demand growth, 2018-2024 for selected countries : China, India, Middle East, Rest of the World.
A ramping up of world oil production capacity, led by the United States and other producers in the Americas, is expected to outstrip demand growth over the 2023-2030 forecast period and inflate the world’s spare capacity cushion to levels
In 2023, world oil demand exceeded 100 million bbl/d for the first time since the pandemic. Forecasts suggest global oil demand will grow even more in 2024.
Comparing how the yearly change evolves from one month to the next, we can instantly grasp how demand is changing in the oil market. Every month, the three major energy agencies (EIA, OPEC, and IEA) will issue monthly energy reports, announcing forecasts for future oil-related data, such as oil prices, supply and demand, etc.
Jan 26, 2024 · The upstream sector can expect moderate growth, despite predictions of an “oil demand peak” by fear-mongering federal agencies.
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Trend. Appears in. Oil 2020. Global oil demand growth, 2011-2025 - Chart and data by the International Energy Agency.
