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   Will world oil demand grow in 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.

   Oil Market Report - March 2024 – Analysis - IEA

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

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   Will global oil supply increase in 2025?

   • In 2025, global oil supply is forecast to increase by 1.6 mb/d to a new record of 104.5 mb/d, as non-OPEC+ lead gains for a third straight year, rising by 1.4 mb/d. For context, the additional volumes from the United States, Brazil, Guyana and Canada alone could come close to meeting world oil demand growth for this year and next.

   Oil Market Report - April 2024 – Analysis - IEA

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

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   What is OPEC's forecast for world oil demand in 2023?

   • OPEC in a monthly report on Wednesday kept its forecast for world oil demand growth in 2023 at 2.46 million bpd. In 2024, OPEC sees demand growth of 2.25 million bpd, also unchanged from last month.

   World oil demand next year to rise faster than expected, IEA

   www.reuters.com/business/energy/iea-raises-2024-oil-demand-growth-forecast-despite-economic-gloom-2023-12-14/

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   How will oil supply change in 2024 & 2025?

   • 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.

   Oil Market Report - April 2024 – Analysis - IEA

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

   See all results for this question

2. Top Stories

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     World Pipelines

     Rystad Energy: Oil demand to grow in mid-term, future depends on clean tech and policy

     1 day ago

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     Yahoo Finance

     EIA estimates slower world oil demand growth in 2024

     1 week ago

   • Daijiworld

     IEA scales down growth forecast for global oil demand in 2024

     The International Energy Agency (IEA) has scaled down its forecast for the growth in oil demand during 2024 as it expects the consumption of fuels to come down amid the economic slowdown in the advanced OECD countries.

     2 days ago

   • The Financial Express on MSN.com

     India’s oil demand to grow 4% to 5.8 mbd in 2025: OPEC

     2 days ago

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

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

   • Cached

   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.

   • Oil Market Report - May 2024 – Analysis - IEA

     Global oil demand is now expected to rise by 1.1 mb/d in...

   • Oil Market Report - April 2024 – Analysis - IEA

     In 2025, global oil supply is forecast to increase by 1.6...

4. www.theglobeandmail.com › business › industry-newsIEA trims 2024 oil demand growth forecast, widens gap with ...

   www.theglobeandmail.com › business › industry-news

   • Cached

   2 days ago · In its monthly report on Tuesday, OPEC stuck by its expectation that world oil demand will rise by 2.25 million bpd in 2024. The 1.15 million-bpd difference is about 1 per cent of world demand.

5. Videos

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     oilprice.com

     Standard Chartered: Oil Demand Growth To Remain Robust In 2024 And 2025 | OilPrice.com

     Jan 7, 2024

     7 Views

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     2:38

     youtube.com

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

     Jan 18, 2024

     144 Views

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     1:07

     youtube.com

     IEA Raises Oil Demand Outlook for 2024 for Third Consecutive Month

     Jan 18, 2024

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6. www.reuters.com › business › energyEIA cuts 2024 world oil demand growth estimate, hikes output ...

   www.reuters.com › business › energy

   May 7, 2024 · The EIA now expects global oil and liquid fuels consumption to grow by 920,000 barrels per day (bpd) this year to 102.84 million bpd, slightly smaller than the 950,000 bpd growth forecast in its ...

7. www.reuters.com › business › energyWorld oil demand next year to rise faster than expected, IEA ...

   www.reuters.com › business › energy

   Dec 14, 2023 · Raises 2024 demand growth forecast by 130,000 bpd to 1.1 mbpd. Gap remains between OPEC, IEA views on 2024 oil demand growth. Says non-OPEC+ supply growth in 2024 may exceed demand growth.

8. www.bloomberg.com › news › articlesGlobal Oil Demand Growth Outlook Continues to Soften, IEA ...

   www.bloomberg.com › news › articles

   • Cached

   2 days ago · 1:58. The outlook for global oil demand growth this year continues to soften amid an economic slowdown and mild weather in Europe, the International Energy Agency said. World fuel consumption will ...