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Jun 11, 2024 · U.S. oil output and global oil demand will likely post bigger records this year than previously expected, the U.S. Energy Information Administration said on Tuesday.
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.
Over the past years, the trading range has narrowed from $33.42 in 2022 to $31.39 in 2023 and $18.39 per barrel so far in 2024. The narrowing range signifies price consolidation. While crude oil has made lower highs since early 2022, the lows have been higher since May 2023. The U.S. administration sold unprecedented crude oil barrels from the ...
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.
Jun 20, 2024 · Voter priorities. The US is the world’s second-largest emitter of greenhouse gases after China, and it produced an average of 12.9 million barrels of crude oil per day last year — breaking a ...
Apr 12, 2024 · With the post-Covid rebound now largely complete, and vehicle efficiencies and an expanding EV fleet acting as further drags on oil demand, growth in 2024 and 2025 slows to 1.2 mb/d and 1.1 mb/d, respectively. Non-OPEC+, led by the US, is set to drive world supply growth through 2025.
May 7, 2024 · NEW YORK, May 7 (Reuters) - World oil demand this year is expected to grow less than earlier forecast and output should expand faster than previous estimates, resulting in a more balanced...
