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Sep 12, 2024 · Reported monthly data covering 80% of global oil demand during the first half of 2024 confirm the steep decline in the rate of growth in oil consumption, which we have been projecting since our first forecast for 2024 was published in June 2023.
Sep 5, 2024 · We expect that global production of petroleum and other liquid fuels will increase by 0.3 million b/d in 2024. OPEC+ liquid fuels production in our forecast decreases by 1.4 million b/d in 2024, while production outside of OPEC+ increases by 1.7 million b/d, led by growth in the United States, Canada, Guyana, and Brazil.
Aug 13, 2024 · The US economy, where one-third of global gasoline is consumed, has outperformed peers, with a resilient service sector buttressing miles driven. As a result, OECD oil consumption flipped from a 300 kb/d annual contraction in 1Q24 to growth of 190 kb/d in the second quarter.
Mar 14, 2024 · Global oil demand is forecast to rise by a higher-than-expected 1.7 mb/d in 1Q24 on an improved outlook for the United States and increased bunkering. While 2024 growth has been revised up by 110 kb/d from last month’s Report, the pace of expansion is on track to slow from 2.3 mb/d in 2023 to 1.3 mb/d, as demand growth returns to its ...
Jun 12, 2024 · Highlights. 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. Subpar growth of 1 mb/d in 2025 is held back by a muted economy and accelerating clean energy technology deployment.
Jun 11, 2024 · World crude oil and liquid fuels consumption is expected to rise by 1.1 million bpd to 103 million bpd this year, the EIA said. That compares with a previous forecast of around 102.8 million...
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Apr 24, 2024 · US shale oil production. US shale oil production remained steady between February and March at 9.8 MMb/d, after witnessing a 0.5-MMb/d decline in January as a result of shut-downs due to cold weather across the central US.
