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- The world’s demand for oil is expected by Goldman Sachs Research to grow for the next decade. Lackluster electric vehicle sales and rising incomes around the globe are increasing the appetite for energy supplies that will be met primarily with more fossil fuels.
www.goldmansachs.com/insights/articles/peak-oil-demand-is-still-a-decade-away
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Jun 14, 2023 · Growth in the world’s demand for oil is set to slow almost to a halt in the coming years, with the high prices and security of supply concerns highlighted by the global energy crisis hastening the shift towards cleaner energy technologies, according to a new IEA report released today.
Oct 15, 2024 · 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.
Sep 12, 2024 · Reported monthly data covering 80% of global oil demand during the first half of 2024 confirm the steep decline in the rate of growth in oil consumption, which we have been projecting since our first forecast for 2024 was published in June 2023.
Jan 24, 2024 · Oil demand growth has started to show signs of slowing, and demand is expected to begin to decline by 2030 across all scenarios. The Global Energy Perspective 2023 models the outlook for demand and supply of energy commodities across a 1.5°C pathway, aligned with the Paris Agreement, and four bottom-up energy transition scenarios.
Jun 14, 2023 · World demand for oil is likely to drop off sharply over the next five years, the International Energy Agency said Wednesday, as a shift to electric vehicles and other cleaner technologies...
Jun 12, 2024 · Despite the slowdown in growth, global oil demand is still forecast to be 3.2 MMbpd higher in 2030 than in 2023, unless stronger policy measures are implemented, or changes in behavior take...
2 days ago · Global oil demand was expected to increase by about 0.8 million-1.2 million barrels per day in 2024 and by 1 million-1.5 million bpd in 2025, the poll showed. Earlier this month, ...
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related to: Is global oil demand declining?ExxonMobil Is Ready To Support Your Changing Base Oil Needs, Today and Tomorrow. ExxonMobil Provides Global Availability & Reliable Group I & Group II/II+ Supply.
