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- The International Energy Agency forecasts oil demand will rise 1.3 MMbpd in 2024. While that’s less than last year’s jump of 2.2 MMbpd, when China’s emergence from Covid restrictions juiced consumption, it’s still healthy by historical standards.
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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.
Nov 3, 2023 · There is plenty of uncertainty and disagreement around global oil demand growth in 2024, with OPEC and the IEA in particular disagreeing.
- Editorial Dept
The report forecasts that global oil demand will plateau and oil supply will exceed demand by 2030, creating a surplus capacity cushion. It also examines the impact of clean energy transition, geopolitical factors, and market uncertainties on oil markets.
Mar 22, 2024 · The International Energy Agency forecasts oil demand will rise 1.3 MMbpd in 2024. While that’s less than last year’s jump of 2.2 MMbpd, when China’s emergence from Covid restrictions juiced...
Mar 14, 2024 · The IEA forecasts global oil demand to rise by 1.3 mb/d in 2024, driven by the US, China and bunkering, while supply growth slows to 1.6 mb/d due to OPEC+ cuts and weather-related outages. Oil prices are range bound as trade disruptions boost oil on water and inventories decline.
May 15, 2024 · LONDON (Reuters) -The International Energy Agency (IEA) on Wednesday trimmed its forecast for 2024 oil demand growth, widening the gap with producer group OPEC in terms of expectations for...
Monthly Oil Market Report 2024. The OPEC Monthly Oil Market Report (MOMR) covers major issues affecting the world oil market and provides an outlook for crude oil market developments for the coming year.
