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1. • 2.03 million bpd

     • OPEC now expects global demand will grow by 2.03 million bpd in 2024, down from its previous estimate of 2.11 million bpd growth.
     oilprice.com/Energy/Crude-Oil/OPEC-and-IEA-Oil-Demand-Views-Are-A-World-Apart.html

     OPEC and IEA Oil Demand Views Are A World Apart

2. People also ask

   How much oil will OPEC expect in 2045?

   • OPEC expects world oil demand to reach 118.9 million barrels per day (bpd) by 2045, around 2.9 million bpd higher than expected in last year's report. The report rolled out its timeline to 2050 and expects demand to hit 120.1 million bpd by then. That is far above other 2050 forecasts from the industry.

   OPEC boosts long-term oil demand outlook, driven by developing worl…

   www.reuters.com/business/energy/opec-rolls-out-global-oil-outlook-2050-sees-no-peak-demand-2024-09-24/

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   What is OPEC crude demand in 2024?

   • s around 1.2 mb/d higher than the estimated level for 2023. Demand for OPEC crude in 2025 is expected to reach about 29.0 mb/d, Feature ArticleGlobal oil demand in summer months of 2024In 2024, global oil demand is expected to grow by a healthy 2.2 mb/d, y-o-y, led by robust demand from

   Feature article: Global oil demand in summer months of 2024

   www.opec.org/opec_web/static_files_project/media/downloads/publications/OPEC_MOMR_April_2024_archive.pdf

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   How has OPEC impacted oil prices in 2024?

   • For 2024, OPEC saw demand growth of 2.25 million bpd, unchanged from last month. Oil prices, though, have started the year on a weak footing as uncertainty in the market about demand has offset the impact of a new round of supply cuts by OPEC and its allies, known as OPEC+. Brent crude on Wednesday was trading around $77 a barrel, down almost 2%.

   In first look at 2025, OPEC expects robust oil demand growth

   www.reuters.com/markets/commodities/opec-sticks-2024-oil-demand-view-sees-more-growth-2025-2024-01-17/

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   What is the OPEC Monthly oil market report?

   • The report provides a detailed analysis of key developments impacting oil market trends in world oil demand, supply as well as the oil market balance. In an effort to continuously enhance the service provided to our readers, we are pleased to announce that the analysis provided in the OPEC Monthly Oil Market Report is now more accessible than ever.

   Monthly Oil Market Report 2024 - OPEC

   www.opec.org/opec_web/en/publications/7310.htm

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3. www.opec.org › opec_web › enOPEC : OPEC launches WOO 2024 and sees global oil demand at ...

   www.opec.org › opec_web › en

   • Cached

   OPEC launches WOO 2024 and sees global oil demand at over 120 mb/d in 2050. The 2024 OPEC World Oil Outlook (WOO) was launched today at the ROG.E conference in Rio de Janeiro, Brazil. First published in 2007, and now in its 18th edition, the Organization’s flagship annual publication offers a detailed review and assessment of the medium- and ...

   • Monthly Oil Market Report 2024 - OPEC

     The OPEC Monthly Oil Market Report (MOMR) covers major...

   • Feature article: Global oil demand in summer months of 2024

     The global oil demand growth forecast for 2024 remains...

   • OPEC Digital Publications - World Oil Outlook

     Global energy demand in this year’s WOO is set to expand by...

4. www.opec.org › opec_web › enMonthly Oil Market Report 2024 - OPEC

   www.opec.org › opec_web › en

   • Cached

   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. The report provides a detailed analysis of key developments impacting oil market trends in world oil demand, supply as well as the oil market balance.

5. Videos

   • 

     1:48

     youtube.com

     OPEC cuts 2024 oil demand growth forecast, citing China | REUTERS

     Aug 12, 2024

     1.8K Views

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     2:38

     youtube.com

     Oil demand growth projected to slow down nearly 50% in 2024: IEA

     Jan 18, 2024

     2.5K Views

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     2:21

     finance.yahoo.com

     OPEC holds firm on 2024 oil demand growth forecast

     Jul 10, 2024

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6. www.opec.org › OPEC_MOMR_April_2024_archiveFeature article: Global oil demand in summer months of 2024

   www.opec.org › OPEC_MOMR_April_2024_archive

   The global oil demand growth forecast for 2024 remains broadly unchanged from last month’s assessment of 2.2 mb/d. Slight adjustments were made to the 1Q24 data, with a slight upward revision in OECD Europe and some nonOECD data- , reflecting better-than-expected performance in oil demand data. This increase was

7. publications.opec.org › wooOPEC Digital Publications - World Oil Outlook

   publications.opec.org › woo

   • Cached

   Global energy demand in this year’s WOO is set to expand by 24% in the period to 2050, driven by significant expansion in the non-OECD region. The Outlook sees the need for an expansion in all energy sources, with the exception of coal. For oil alone, we see demand reaching over 120 million barrels a day by 2050, with the potential for it to ...

8. Top Stories

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     OPEC's Forecast of Peak Oil Demand: A Long Horizon Ahead

     OPEC's latest ‘World Oil Outlook’ paints a bullish picture for oil demand through to 2050, positioning itself as a staunch defender of the idea that oil and gas will remain crucial to global energy. For market participants,

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     capitalbrief

     OPEC hikes medium and long-term oil demand forecasts

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     MSN

     OPEC is highly bullish on long-term oil demand growth. Not everyone agrees

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     devdiscourse

     OPEC Ups World Oil Demand Forecast Amid Electric Vehicle Hurdles

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   • Baton Rouge Business Report

     OPEC says peak of oil demand is not on the horizon

     Global demand for oil is expected to grow over the next 20 years, with oil expected to hold a nearly 30% share of the energy mix even as efforts continue to reduce emissions, The Wall Street Journal reports.

     6 days ago

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9. www.reuters.com › business › energyOPEC boosts long-term oil demand outlook, driven by ...

   www.reuters.com › business › energy

   5 days ago · OPEC extends forecast to 2050, with demand at 120.1 mln bpd. OPEC sees no peak demand, unlike BP and IEA forecasts. OPEC calls for $17.4 tln investment in oil industry by 2050. LONDON/RIO DE ...

10. www.reuters.com › markets › commoditiesIn first look at 2025, OPEC expects robust oil demand growth

    www.reuters.com › markets › commodities

    Jan 17, 2024 · OPEC sees oil demand rising by 1.85 mbpd in 2025; Sticks to 2024 oil demand growth forecast of 2.25 mbpd; IEA to publish updated forecasts on Thursday

11. www.thenationalnews.com › business › energyOpec boosts long-term oil demand outlook, driven by ...

    www.thenationalnews.com › business › energy

    6 days ago · Opec expects world oil demand to reach 118.9 million barrels per day by 2045, about 2.9 million bpd higher than expected in last year's report. The report detailed its timeline to 2050 and expects demand to hit 120.1 million bpd by then. That is far above other 2050 forecasts from the industry. BP projects oil use will peak in 2025 and decline ...