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1. • • World consumption will rise by 1.1 million barrels per day (bpd) in 2024, the Paris-based IEA said in a monthly report, up 130,000 bpd from its previous forecast, citing an improvement in the outlook for the United States and lower oil prices.
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     World oil demand next year to rise faster than expected, IEA ...

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   Will oil demand rise in 2024?

   • The IEA had initially forecast 2024 demand growth of 860,000 bpd in June 2023. Demand rose by 2.3 million bpd last year. “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,” the IEA said.

   IEA raises its 2024 oil demand outlook again but still lags OPEC

   www.theglobeandmail.com/business/industry-news/energy-and-resources/article-iea-raises-its-2024-oil-demand-outlook-again-but-still-lags-opec/

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   How will global oil production change in 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.

   Short-Term Energy Outlook - U.S. Energy Information Administration (EI…

   www.eia.gov/outlooks/steo/report/global_oil.php

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   Will non-OPEC+ oil demand increase in 2023?

   • The latter’s oil demand growth slows from 1.7 mb/d in 2023 to 620 kb/d in 2024, or from roughly three-quarters to half of the global total, under the gathering weight of a challenging economic environment and slower expansion in its petrochemical sector. As in 2023, non-OPEC+ oil supply growth will eclipse the oil demand expansion by some margin.

   Oil Market Report - March 2024 – Analysis - IEA

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

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   Which countries will boost oil production in 2024?

   • Substantial gains will also come from Guyana, Brazil and Canada, all forecast to pump at record-highs this year. Together, the non-OPEC+ Americas quartet is set to add 1.3 mb/d of new oil production in 2024.

   Oil Market Report - March 2024 – Analysis - IEA

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

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3. www.iea.org › reports › oil-market-report-september-2024Oil Market Report - September 2024 – Analysis - IEA

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

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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.

   • Oil Market Report - March 2024 – Analysis - IEA

     As in 2023, non-OPEC+ oil supply growth will eclipse the oil...

   • Oil Market Report - August 2024 – Analysis - IEA

     Our outlook for global oil demand is largely unchanged from...

4. 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 · As in 2023, non-OPEC+ oil supply growth will eclipse the oil demand expansion by some margin. Led by the United States, non-OPEC+ production is forecast to rise by 1.6 mb/d in 2024 compared to 2.4 mb/d last year when global oil output climbed by 2 mb/d to 102 mb/d.

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

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

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   Aug 13, 2024 · Our outlook for global oil demand is largely unchanged from last month’s Report, with growth projected at slightly less than 1 mb/d in both 2024 and 2025. However, a meaningful shift in drivers is becoming apparent.

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

   www.eia.gov › outlooks › steo

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   Sep 5, 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.

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7. www.reuters.com › business › energyEIA forecasts larger records for 2024 US oil output, global ...

   www.reuters.com › business › energy

   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.

8. www.mckinsey.com › industries › oil-and-gasSnapshot of global oil supply and demand: March 2024

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

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   Apr 24, 2024 · Nishant Nair. 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.

9. www.theglobeandmail.com › business › industry-newsIEA raises its 2024 oil demand outlook again but still lags OPEC

   www.theglobeandmail.com › business › industry-news

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   Mar 14, 2024 · World oil demand will rise by 1.3 million bpd in 2024, the IEA said in its latest report, up 110,000 bpd from last month. It forecast a slight supply deficit this year after OPEC+ members...