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1. www.iea.org › reports › oil-market-report-march-2024Oil Market Report - March 2024 – Analysis - IEA

   www.iea.org › reports › oil-market-report-march-2024

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   Mar 14, 2024 · World oil demand growth is now forecast at 1.3 mb/d in 2024, down sharply from last year’s 2.3 mb/d expansion. The slowdown in growth, already apparent in recent data, means that oil consumption reverts towards its historical trend after several years of volatility from the post-pandemic rebound.

   • Oil 2024 – Analysis - IEA - International Energy Agency

     The report provides detailed analysis and forecasts of oil...

   • Oil Market Report - April 2024 – Analysis - IEA

     Non-OPEC+, led by the US, is set to drive world supply...

   • Oil Market Report - June 2024 – Analysis - IEA

     World oil demand growth continues to slow, with 2024 gains...

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3. www.statista.com › statistics › 271823Global crude oil demand 2024 | Statista

   www.statista.com › statistics › 271823

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   May 22, 2024 · 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.

4. www.iea.org › reports › oil-2024Oil 2024 – Analysis - IEA - International Energy Agency

   www.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.

5. www.iea.org › reports › oil-market-report-april-2024Oil Market Report - April 2024 – Analysis - IEA

   www.iea.org › reports › oil-market-report-april-2024

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   Apr 12, 2024 · Non-OPEC+, led by the US, is set to drive world supply growth through 2025. For 2024, global output is forecast to rise by 770 kb/d to 102.9 mb/d. Non-OPEC+ production will expand by 1.6 mb/d, while OPEC+ supply could fall 820 kb/d if voluntary cuts remain in place.

6. prod.iea.org › reports › oil-market-report-june-2024Oil Market Report - June 2024 – Analysis - IEA

   prod.iea.org › reports › oil-market-report-june-2024

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   Jun 12, 2024 · World oil demand growth continues to slow, with 2024 gains now seen at 960 kb/d, 100 kb/d below last month’s forecast. Weak OECD deliveries pushed global demand into a narrow y-o-y contraction in March.

7. www.eia.gov › outlooks › steoShort-Term Energy Outlook - U.S. Energy Information ...

   www.eia.gov › outlooks › steo

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   Jun 11, 2024 · We expect increases related to bunker fuels will contribute around 10% of total oil consumption growth in 2024. In OECD countries, liquid fuels consumption stays relatively flat in 2024 and increases by 0.3 million b/d in 2025.

8. People also ask

   Will world oil demand grow in 2024?

   • World oil demand growth is now forecast at 1.3 mb/d in 2024, down sharply from last year’s 2.3 mb/d expansion. The slowdown in growth, already apparent in recent data, means that oil consumption reverts towards its historical trend after several years of volatility from the post-pandemic rebound.

   Oil Market Report - March 2024 – Analysis - IEA

   www.iea.org/reports/oil-market-report-march-2024

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   Will US oil supply expand in 2024?

   • Oil supply is expected to expand by a further 660 kb/d in 2024, reaching a third consecutive record high. While US output is set to increase every year through the end of the forecast period, the pace of growth slows markedly as producers navigate shareholder requirements, complex wells and a tighter regulatory environment. IEA. CC BY 4.0.

   Oil 2024

   iea.blob.core.windows.net/assets/493a4f1b-c0a8-4bfc-be7b-b9c0761a3e5e/Oil2024.pdf

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   Why did oil prices rise in March 2024?

   • Our dashboard explores key short-term signposts impacting oil demand, supply, and prices. April 24, 2024 Brent crude oil prices rose in March, increasing by USD1.9/bbl m-o-m to USD85.4/bbl. Prices rose due to tighter oil supplies on account of OPEC+ cuts, resilient economic growth, and continued geopolitical uncertainty: Global oil demand.

   Snapshot of global oil supply and demand: March 2024 - McKinsey & C…

   www.mckinsey.com/industries/oil-and-gas/our-insights/oil-and-gas-blog/snapshot-of-global-oil-supply-and-demand

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   Will global oil supply increase in 2025?

   • In 2025, global oil supply is forecast to increase by 1.6 mb/d to a new record of 104.5 mb/d, as non-OPEC+ lead gains for a third straight year, rising by 1.4 mb/d. For context, the additional volumes from the United States, Brazil, Guyana and Canada alone could come close to meeting world oil demand growth for this year and next.

   Oil Market Report - April 2024 – Analysis - IEA

   www.iea.org/reports/oil-market-report-april-2024

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9. iea.blob.core.windows.net › Oil2024Oil 2024 - iea.blob.core.windows.net

   iea.blob.core.windows.net › Oil2024

   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