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- Global oil consumption will increase by 1.9 million barrels a day — roughly 2% — in 2024, or 106,000 barrels a day less than previously forecast, the Organization of Petroleum Exporting Countries said in its monthly report.
www.bnnbloomberg.ca/investing/2024/10/14/opec-cuts-global-oil-demand-growth-forecasts-for-third-consecutive-month/
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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.
- Oil Market Report - October 2024 – Analysis - IEA
Global oil demand is expected to grow by just under 900 kb/d...
- Executive summary – Oil 2024 – Analysis - IEA
Emerging economies in Asia, particularly China and India,...
- Oil Market Report - June 2024 – Analysis - IEA
Global oil supply rose by 520 kb/d in May to 102.5 mb/d, as...
- Oil Market Report - October 2024 – Analysis - IEA
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.
Dec 14, 2023 · World consumption will rise by 1.1 million barrels per day (bpd) in 2024, the Paris-based IEA said in a monthly report, up 130,000 bpd from its previous forecast, citing an...
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.
Oct 3, 2024 · We estimate that global oil inventories fell by 0.8 million barrels per day (b/d) in the third quarter of 2024 (3Q24), and we expect inventories will fall by 0.6 million b/d through 1Q25. As a result, we expect Brent prices will rise from $74/b in September to average $79/b in 1H25, which is about $6/b lower than in last month’s STEO.
1 day 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. Until August, OPEC ...
Jun 12, 2024 · Global oil supply rose by 520 kb/d in May to 102.5 mb/d, as Brazilian ethanol output surged seasonally. For the year as a whole, production increases by 690 kb/d, led by non-OPEC+ gains of 1.4 mb/d. OPEC+ supply falls by 740 kb/d if voluntary cuts are maintained.
