VIENNA, Dec. 11 (Xinhua) -- The Organization of the Petroleum Exporting Countries (OPEC) on Wednesday further trimmed its forecasts for global oil demand growth this year and next, marking the organization's downward revision for the fifth consecutive month. In its monthly oil market report for...
VIENNA, Nov. 12 (Xinhua) -- The Organization of the Petroleum Exporting Countries (OPEC) on Tuesday further trimmed its forecasts for global oil demand growth this year and next, marking the organization's downward revision for the fourth consecutive month. In its monthly oil market report for ...
These regions were identified as the “key sources of incremental [oil] demand in the coming years”, OPEC said in its 2024 World Oil Outlook report released on 24 September. “India alone will add 8 million barrels/day to its oil demand ...
According to foreign sources on May 7th, the US Energy Information Administration (EIA) lowered its 2024 global oil demand growth forecast by 30,000 barrels per day to 920,000 barrels per day on Tuesday. In the monthly forecast, EIA has raised its expected oil demand growth for 2025 by 70...
Despite the third successive downward revision, OPEC said this year's world oil demand growth is "still well above the historical average of 1.4 million bpd seen before the COVID-19 pandemic." For next year, the oil-producer group cut its 2025 global oil demand growth estimate to 1.64 milli...
Global oil demand will reach record levels in 2023, with demand expected to continue to grow each year and peak in 2035, according to Bloomberg Intelligence's (Bl) latest oil sector survey of energy-related investors.Hydrocarbon Engineering group...
Thus, creating demand for oil and gas drone services in the forecast period. Therefore, the increasing investment in the country's upstream sector by foreign companies and the increase in oil and gas exploration activities are expected to drive the demand for the region's oil and gas drone ...
摘要: Dubai—Global oil demand may have peaked in 2019 and natural gas will follow suit around 2025, the director general of International Renewable Energy Agency said March 16, as the energy transition gathers pace, echoing forecasts made by BP last year. Under a 2050 scenario that meets the...
ExxonMobil has said global oil demand will remain virtually unchanged by 2050 and warned that any move to curtail investment in fossil fuels would trigger a new energy price shock. In a forecast released on Monday, the US supermajor said oil demand would stay above 100mn barrels a day over ...
The International Energy Agency revised higher its oil demand forecast for this year, but warned of “lingering concerns” over the strength of the recovery in consumption. The Paris-based organisation said in its monthly market report on Wednesday that “fundamentals look decidedly stronger” when ...