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- World oil demand is on track to expand by just shy of 900 kb/d in 2024 and close to 1 mb/d in 2025, marking a sharp slowdown on the roughly 2 mb/d seen over the 2022-2023 post-pandemic period.
www.iea.org/reports/oil-market-report-october-2024
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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.
- Oil Market Report - September 2024 – Analysis - IEA
Global oil demand growth continues to decelerate, with...
- Growth in global oil demand is set to slow significantly by 2028
Growth in the world’s demand for oil is set to slow almost...
- Oil Market Report - September 2024 – Analysis - IEA
Oct 14, 2024 · 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.
Sep 12, 2024 · Global oil demand growth continues to decelerate, with reported 1H24 gains of 800 kb/d y-o-y the lowest since 2020. The chief driver of this downturn is a rapidly slowing China, where consumption contracted y-o-y for a fourth straight month in July, by 280 kb/d.
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. ... OPEC also lowered its demand ...
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.
Dec 14, 2023 · The International Energy Agency on Thursday said evidence of softening global oil demand is mounting and a slowdown is expected to continue into 2024, reaffirming a starkly different...
Sep 12, 2024 · The International Energy Agency on Sept. 12 cut its global oil demand growth estimate for 2024 to 910,000 b/d, citing China's rapid slowdown and shift in transport modes, reiterating that demand is on track to plateau by the end of the decade.
