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Not regain
- The 2020 edition of the annual outlook reveals – albeit indirectly – that global oil demand will not regain the levels seen last year. It adds that demand could soon fall rapidly in the face of stronger climate action – by at least 10% this decade and by as much as 50% over the next 20 years.
www.weforum.org/agenda/2020/09/oil-bp-report-climate-change-environment-renewable-plastic/
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Jun 14, 2023 · The Oil 2023 medium-term market report forecasts that based on current government policies and market trends, global oil demand will rise by 6% between 2022 and 2028 to reach 105.7 million barrels per day (mb/d) – supported by robust demand from the petrochemical and aviation sectors.
Dec 14, 2023 · LONDON, Dec 14 (Reuters) - World oil demand will rise faster than expected next year, the International Energy Agency (IEA) said on Thursday, a sign that the outlook for near-term...
Jan 24, 2024 · After a steep decline due to COVID-19, oil demand increased to pre-pandemic levels in 2023 at 101.7 million barrels per day (MMb/d). However, growth may not last long, as peak demand is projected to materialize before 2030 across our four bottom-up energy transition scenarios.
Sep 24, 2024 · OPEC expects world oil demand to reach 118.9 million barrels per day (bpd) by 2045, around 2.9 million bpd higher than expected in last year's report.
Jun 12, 2024 · Global capital spending on oil and fields rose to $538bn in 2023, the highest level since 2019 in real terms. The increase in investment was largely driven by state oil companies in the...
Dec 4, 2023 · The most recent projections from BP this year all show global oil demand plateauing or declining from 2025 at the latest, depending on the strength of climate action, and declining up to 2050.
Jun 12, 2024 · New IEA medium-term outlook sees comfortably supplied oil markets to 2030, though unwavering focus on energy security will remain crucial as powerful forces transform sector. Growth in the world’s demand for oil is expected to slow in the coming years as energy transitions advance.
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related to: Will global oil demand regain last year?ExxonMobil Is Ready To Support Your Changing Base Oil Needs, Today and Tomorrow. ExxonMobil Provides Global Availability & Reliable Group I & Group II/II+ Supply.
