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  1. revised up to 1.4% and is expected to grow by 1.2% in 2025. 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.

  2. 4 days ago · On Monday, OPEC in a monthly report said world oil demand will rise by 1.93 million barrels per day (bpd) in 2024, down from growth of 2.03 million bpd it expected last month.

  3. 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.

  4. 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 ...

  5. Jan 17, 2024 · 3:01. OPEC forecast that global oil demand will continue to increase strongly next year and exceed growth in supplies, according to the group’s first detailed assessment of 2025. World ...

  6. Although we raised our assessment of Iraq’s oil production, we still estimate that Iraq cut its crude oil production by 0.3 million b/d from July through September 2024 to comply with OPEC+ production quotas. We forecast that global consumption of liquid fuels will increase by 0.9 million b/d in 2024 and 1.3 million b/d in 2025.

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  8. 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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