IEA Lifts 2024 Oil Demand Forecast But Trims 2025 Projections ...
Nov 14, 2024 · The Paris-based organization forecasts global demand to grow by 921,000 barrels a day in 2024 from 862,000 barrels a day previously, largely due to stronger-than-expected gasoil deliveries in OECD ...
IEA Raises 2024 Oil Demand Projection, Trims Next Year's
Nov 14, 2024 · The IEA said world oil demand is forecast to grow by around 920,000 barrels per day (B/D) this year, up from "just shy of" 900,000 B/D in its October projection. The Paris-based agency is ...
Oil Market Report - November 2024 – Analysis - IEA
Nov 13, 2024 · The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Published November 2024.
IEA Lifts 2024 Oil Demand Forecast But Trims 2025 Projections
Nov 14, 2024 · The International Energy Agency raised its forecast for this year’s oil-demand growth but slightly trimmed next year’s estimates, citing the impact of China’s economic slowdown on consumption.
Oil Market Report - October 2024 – Analysis - IEA
Oct 15, 2024 · Global oil demand is expected to grow by just under 900 kb/d in 2024 and by around 1 mb/d in 2025, significantly lower than the 2 mb/d seen in 2023. Chinese oil demand is particularly weak, with consumption dropping by 500 kb/d y-o-y in August – its fourth consecutive month of declines.
Short-Term Energy Outlook - U.S. Energy Information Administration …
Oct 3, 2024 · We forecast oil inventories will increase by an average of almost 0.6 million b/d in 2H25 as production growth globally begins to outweigh global oil demand growth. In addition to the escalating Middle East conflict, other sources of uncertainty remain.
Oil Market Report - September 2024 – Analysis - IEA
Sep 12, 2024 · Demand rose by 800 kb/d year-on-year over the first half of the year, dramatically lower than the growth of 2.3 mb/d recorded in 2023, but close to our initial forecast. For the year as a whole, global oil demand is on course to increase by …
Global Energy Perspective 2023: Oil outlook | McKinsey
Jan 24, 2024 · After a steep decline due to COVID-19, oil demand increased to pre-pandemic levels in 2023 at 101.7 million barrels per day (MMb/d). However, growth may not last long, as peak demand is projected to materialize before 2030 across our …
Global oil supply-and-demand outlook to 2040 | McKinsey
Feb 26, 2021 · COVID-19 sent shocks through global oil markets, with oil demand and supply still struggling to return to pre-pandemic levels. Our outlook looks back at 2020 and presents our most-likely scenarios for oil demand, supply, and prices through 2040.
Analysis & Projections - U.S. Energy Information Administration …
Oct 8, 2024 · Find data from forecast models on crude oil and petroleum liquids, gasoline, diesel, natural gas, electricity, coal prices, supply, and demand projections and more. Expand all.