GLOBAL oil demand growth will slow to 900,000 barrels per day in 2024, the International Energy Agency's latest market report has forecast as the post-Covidrebound fi zzles out.Slowing economies worldwide and energy effi ciency gains have reduced the need for more oil.For the fourth ...
In its monthly oil market report for December, OPEC expected a global oil demand growth of 1.61 million barrels per day (bpd) for 2024, down about 210,000 bpd from the growth of 1.82 million bpd projected last month. OPEC attributed the adjustment to updated data for the first three quarte...
In its monthly oil market report for November, OPEC expected a "healthy" global oil demand growth of 1.82 million barrels per day (bpd) for 2024, but down about 107,000 bpd from the growth of 1.93 million bpd projected last month. OPEC attributed the adjustment to updated data for the fi...
Oil demand by region As a region, Asia-Pacific has thehighest demand for oil in the world, followed closely by the Americas. The United States alone contributes strongly to this high regional demand in the Americas, as it is thecountry with the largest petroleum consumptionin the world. Oil...
BP has predicted that oil demand will peak by 2025 at around 102 million barrels per day (bpd) under both scenarios. However, the rate of decline thereafter will be determined primarily by the pace of falling oil use in road transport. In the Current Trajectory, BP sees oil consumption ...
Global oil production amounted to 96.4 million barrels per day in 2023. The level of oil production reached an all-time high in 2023. However, the coronavirus pandemic and its impact on transportation fuel demand led to a notable decline in 2020. ...
International Energy Agency: Global Oil Demand Is Expected To Reach Record Levels in 2023 Feb 02, 2023 According to Dow Jones' news website MarketWatch, the International Energy Agency released a report on the 18th that the economic outlook has improved and international oil prices have fallen, ...
addition, OPEC has lowered its forecast for the increase in global daily oil demand from 1.64 million barrels per day in 2025 to 1.54 million barrels per day compared to the previous year. The adjusted annual daily oil demand is expected to be around 106 million barrels per day. OPEC issued...
Oil steady as markets weigh Fed rate cut expectations, Chinese demand Fri, Dec 20th 2024 Asia Markets Asia markets mostly fall as investors assess China rate decision; Australian stocks hit 3-month low Fri, Dec 20th 2024 Currencies Dollar rally stalls as market digests Fed's cooler approach to...
Countries increased the global oil demand outlook by 30,000 barrels a day, the OPEC said in the Monthly Oil Market Report released on Wednesday. World oil demand growth in 2016 is expected to average 1.22 mln barrels per day, some 30,000 barrels/day higher than last month, the OPEC said...