IEA also cuts its oil-demand growth forecast for 2024 By Myra P. Saefong and Joseph Adinolfi Last Updated:Dec. 12, 2024 at 3:30 p.m. ET FirstPublished:Dec. 12, 2024 at 8:09 a.m. ET Share Resize 4 Listen (5 min) Oil prices fell on Thursday but held on to strong gains ...
The forecast comes a week after theOrganization of the Petroleum Exporting Countriesand its allies (OPEC+) announced they will keepvoluntary production cutsof 2.2 million B/D in place until the end of March.2 Still "persistent overproduction from some OPEC+ members, robust supply growth from non...
Crude oil prices slumped Tuesday as theInternational Energy Agency (IEA) cut its projection for oil demand growth, noting China's slowing economy was behind the decision.1 The IEA said oil demand will grow “just shy of” 900,000barrels per day (B/D)in 2024. In September, the IEA had ...
原文如下: IEA Improves Forecast of Oil Price to $88 Per Barrel in 2025,to $112 in 2040 The International Energy Agency (IEA) has improved its forecast for oil price by 6 percent to $88 per barrel in 2025 and by 0.9 percent to $112 per barrel in 2040, according to IEA’s World Ene...
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 improvement in the outlook for the United States and lower oil prices. ...
Following an 80 kb/d contraction in 4Q22, world oil demand growth is set to accelerate sharply over the course of 2023, from 710 kb/d in 1Q23 to 2.6 mb/d in 4Q23. Average annual growth is forecast to ease from 2.3 mb/d in 2022 to 2 mb/d, and global oil d...
2024 Global gas demand growth is expected to fall below 2%y-o-y in the second half of 2024 27、.In part,the easing reflects the gradual recovery in demand,which was already underway in the second half of 2023.For the full year of 2024,global gas demand is forecast to grow by 2.5%,...
forecast to grow on average by around 1over the 2024-2025 period.Significant declines in Europe are set to be offset by increases in Asia,amid rising LNG imports,and in the Middle East,driven by switching from oil-fired to gas-fired generation.Electricity Mid-Year Update cutive summary July ...
The International Energy Agency (IEA) has released its oil market report for March 2020. Highlights Covid-19 (coronavirus) has spread beyond China and the IEA's 2020 base case global oil demand forecast is cut by 1.1 mb/d. For the first time since 2009, demand is expected to fall, by...
energy demand and crude prices. US weekly initial unemployment claims unexpectedly rose +17,000 to an 8-week high of 242,000, showing a weaker labor market than expectations of a decline to 220,000. Also, the ECB cut its 2024 Eurozone GDP forecast to 0.7% from a prior forecast of...