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...
lowering its expectations for global oil demand in 2024 and 2025. This is the fourth consecutive time since August this year that OPEC has lowered its global oil demand forecast for the next two years. The report shows that OPEC has lowered its forecast for the year...
After Saudi Arabia and other major oil producers announced voluntary production cuts, crude oil bull Goldman Sachs has raised its forecast for Brent crude oil prices by the end of 2023 from $90 to $95, and by the end of 2024 from $97 to $100. Goldman Sachs pointed out that OPEC + cur...
The IEA now sees oil demand growth in 2025 outpacing this year, after it again downgraded its forecast for 2024 - mostly because of lower than anticipated first-quarter demand in Europe. In its latest Oil Market Report (OMR), published today, the Paris-based agency lowered its oil demand ...
Where Are Prices Going? Oil Price Forecast for Q4 2023 23 April 2024 / Comments In an updated consensus by 37 economists and analysts, Brent crude is expected to average $86.15 from September through December 2023, a slight decrease from its current trading price of $86.70. This optimism ...
A recently released forecast by the Energy Information Administration (EIA) for 2024-2025 projects notable developments in oil and gas production and pricing. According to the forecast, oil production is anticipated to reach unprecedented levels, reaching 13.2 million barrels per day in 2024 and furth...
The Naive Prediction forecasted value of Oil States International on the next trading day is expected to be 4.97 with a mean absolute deviation of 0.17 and the sum of the absolute errors of 10.39. Oil Stock Forecast is based on your current time horizon. ...
Welcome to the 57th Annual World Oil Forecast Breakfast! The forecast will be delivered on Friday, January 31, at the Norris Conference Center - Houston CityCentre. For 99 years, the World Oil Forecast/Review has been the preeminent source of projections and data relating to upstream oil and...
Forecast for the production of grain, oil crops and food in China in 2024/25 and Outlook for 2035 (June, 2024) 1. Harvested area of crops According to current monitoring data, China’s harvested area of crops reached 170.7 million hectares in 2023, up 0.42 percent from the previous...