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Mar 17, 2021 · Oil demand in 2025 is set to be 2.5 mb/d lower than was forecast a year ago in our Oil 2020 report. All of this demand growth relative to 2019 is expected to come from emerging and developing economies, underpinned by rising populations and incomes. Asian oil demand will continue to rise strongly, albeit at a slower pace than in the recent past.
- Oil Market Report - December 2021 – Analysis - IEA
On average, oil demand has been revised down by around 100...
- Oil Market Report - August 2021 – Analysis - IEA
Global oil demand is now seen rising 5.3 mb/d on average, to...
- Oil Market Report - December 2021 – Analysis - IEA
Dec 14, 2021 · On average, oil demand has been revised down by around 100 kb/d since last month’s Report for both 2021 and 2022. Global oil demand is now set to rise by 5.4 mb/d in 2021 and by 3.3 mb/d in 2022, when it returns to pre-pandemic levels at 99.5 mb/d. Global oil production is poised to outpace demand from December, led by growth in the US and ...
Jul 8, 2021 · The Brent crude oil price averaged $73/b in June 2021, up $5/b from May. June was the first month when the Brent price averaged more than $70/b since May 2019. We expect moderate downward oil price pressures will emerge beginning in 2H21, when forecast global oil production will rise, causing inventories to draw at a slower pace.
Jul 7, 2021 · Here's What You Need To Know Oil prices were surging, ... July 7, 2021 5:50 PM ET. Camila Domonoske Oil Prices Are In Turmoil Right Now. Here Are 5 Things You Need To Know.
- Camila Domonoske
Jun 20, 2024 · “Oil price - Crude prices since 1861” [dataset]. Energy Institute, “Statistical Review of World Energy” [original data]. Retrieved October 15, ...
Aug 12, 2021 · Global oil demand is now seen rising 5.3 mb/d on average, to 96.2 mb/d in 2021, and by further 3.2 mb/d in 2022. World oil supply rose by 1.7 mb/d in July to 96.7 mb/d after Saudi Arabia ended its extra voluntary production cut and the North Sea recovered strongly after maintenance. Global output is poised to rise further in the coming months ...
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Global proved oil reserves were 1732 billion barrels at the end of 2020, down 2 billion barrels versus 2019. The global R/P ratio shows that oil reserves in 2020 accounted for over 50 years of current production. OPEC holds 70.2% of global reserves.
