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World Oil Demand The global oil demand growth forecast for 2024 remains unchanged at 2.2 mb/d, with the OECD growing by around 0.3 mb/d and the non-OECD by about 2.0 mb/d. The global oil demand growth in 2025 is expected to see a robust growth of 1.8 mb/d, y-o-y. The OECD is expected to grow by 0.1 mb/d, y-o-y, while demand in
4 days ago · Global oil demand is expected to grow by just under 900 kb/d in 2024 and by around 1 mb/d in 2025, significantly lower than the 2 mb/d seen in 2023. Chinese oil demand is particularly weak, with consumption dropping by 500 kb/d y-o-y in August – its fourth consecutive month of declines.
Other emerging economies. Total. Appears in. China’s slowdown is weighing on the outlook for global oil demand growth. Notes. Q3 2024 to Q4 2025 values are estimated. Year-on-year changes in global oil demand by quarter, 2023-2025 - Chart and data by the International Energy Agency.
Jan 17, 2024 · OPEC, in a monthly report, said world oil demand will rise by 1.85 million barrels per day in 2025 to 106.21 million bpd. For 2024, OPEC saw demand growth of 2.25 million bpd, unchanged from last ...
Most of our expected global liquid fuels demand growth is from non-OECD countries where liquid fuels consumption increases by 1.0 million b/d in 2024 and 1.2 million b/d in 2025, in contrast to consumption in OECD countries, which falls by 0.1 million b/d in 2024 before increasing by a similar amount in 2025.
Jul 11, 2024 · Oil and gas major BP predicts that the world’s demand for oil will peak next year, ending rising global carbon emissions by the mid-2020s as wind and solar power continue to surge, reports the Guardian. The company’s latest outlook report concludes that oil use will increase by about 2m barrels a day to peak at about 102m in 2025 across ...
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Jul 10, 2024 · BP expects oil demand to peak next year and wind and solar capacity to grow rapidly in both of the two main scenarios in its annual Energy Outlook, a study of the evolution of the global energy ...
