1 it expects predictions of all- time high oil demand to support crude carrier markets into 2024, despite a slackening pace of growth, but added that pricing will remain volatile amid the ongoing conflict in the Red Sea. Increases in global oil demand are set to halve from 2.3 million b/...
OPEC already lowered its forecasts for global oil demand growth in 2024 and 2025 in its monthly market reports for three months in a row since August. OPEC had maintained its global oil demand growth forecasts of 2.25 million bpd this year and 1.85 million bpd next year by August. Oil price...
OPEC has already lowered its forecasts for global oil demand growth in 2024 and 2025 in its monthly market reports for four months in a row since August. OPEC had maintained its global oil demand growth forecasts of 2.25 million bpd this year and 1.85 million bpd next year by August. Oil ...
Global oil markets will need to traverse myriad challenges in the medium-term as structural shifts reshape oil demand and trade flows, while rising oil supplies could potentially weigh on prices through the end of the decade. Divergent regional economic trajectories and the accelerating deployment of ...
Asia's crude oil imports dipped slightly in 2024, driven by a decline in China due to factors like EV adoption and LNG use, while India is projected to become the world's biggest oil demand driver in 2025.
The road sector is responsible for around half of all oil demand in OECD countries. In 2023, the road sector's oil demand was threetime that of the next sector.
2019 to 2023 Global Cottonseed Oil Sales Analysis Compared to Demand Forecast from 2024 to 2034 The global cottonseed oil market registered a valuation of USD 3,589 million in 2019, post which it expanded at a promising 10.4% CAGR till 2023. Over the forecast period, the sector is projected...
Yet a recent report on EV sales for full-2024 has shown that hybrids, which have both an electric motor and an internal combustion engine, are rising in popularity in China, which suggests it might not be the end of oil demand there. The growth rates of the last 20 years, however, are...
Global oil markets should remain “comfortable” this year as new supplies satisfy demand and keep prices in check, according to the International Energy Agency.World consumption will increase by 1.2 MMbpd to 1.3 MMbpd in 2024, a “significantly weaker”
[Finished oil]: Demand is not strong during the peak season. In 2024, the demand for gasoline and diesel in Guangdong will decrease year-on-year — Share — [Finished oil]: Demand is not strong during the peak season. In 2024, the demand for gasoline and diesel in Guangdong will ...