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3.5 mb/d
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- In our base case – which takes into account current industry plans, government policies and existing energy transition initiatives – global oil demand is forecast to rise by 3.5 mb/d between 2019 and 2025.
www.iea.org/reports/oil-2021
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Mar 9, 2020 · Between 2019 and 2025, global oil demand is forecast to grow at an average annual rate of just below 1 mb/d. Petrochemicals become an ever more important driver, with naphtha, liquefied petroleum gas (LPG) and ethane responsible for half of all growth.
- Global oil demand growth, 2011-2025 – Charts – Data ...
Economy-wide GHG emissions in 2030 for selected countries...
- Global oil demand growth, 2011-2025 – Charts – Data ...
Oct 3, 2024 · We forecast oil inventories will increase by an average of almost 0.6 million b/d in 2H25 as production growth globally begins to outweigh global oil demand growth. In addition to the escalating Middle East conflict, other sources of uncertainty remain.
Economy-wide GHG emissions in 2030 for selected countries under current Nationally Determined Contributions compared with emissions under full implementation of Global Methane Pledge Open
- Recap 2020
- Short-Term Up to 2025
- Long-Term Up to 2040
Demand has partially recoveredsince April 2020 but still ended the year approximately 9 million barrels per day (MMb/d) below the 2019 level, with continued COVID-19-related lockdown measures in January 2021 keeping it around 6 MMb/d lower than January 2019. Supply remained robust until April 2020 and then dropped by 13 to 14 MMb/d in May, driven b...
Oil demand is expected to return to 2019 levels by late 2021 to early 2022, depending on the duration of lockdowns and the pace of GDP recovery. Based on our Global Energy Perspectivereference-case demand insights, current OPEC+ intervention will be sufficient to help balance the market in 2021, with prices remaining at a sustained level of $50 to ...
Long-term equilibrium oil prices have decreased by $10 to $15/bbl compared with pre-COVID-19 outlooks, as driven by a flattening cost curve and lower demand. Under an OPEC-control scenario, in which OPEC maintains its market share, we see a $50 to $60/bbl equilibrium price range in the long term, fueling 10 to 11 MMb/d US shale oil and 11 to 13 MMb...
Emerging economies in Asia, particularly China and India, account for all of global demand growth. By contrast, oil demand in advanced economies falls sharply. Rising world oil supplies, led by non‑OPEC+ producers, are expected to surpass forecast demand from 2025 onwards.
Jan 24, 2024 · The four scenarios align on a relatively close timing of peak oil demand between 2025 and 2030, driven by efficiency gains across sectors and growing electric vehicle (EV) adoption in passenger cars.
Oil demand sees robust medium-term growth and reaches over 120 mb/d by 2050, driven by the non-OECD. Global oil demand is projected to reach 112.3 million barrels a day (mb/d) in 2029, representing a strong increase of 10.1 mb/d compared to 2023.
