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IEA raises 2024 oil demand forecast
IEA Raises 2024 Oil Demand Projection, Trims Next Year's
The International Energy Agency (IEA) on Thursday raised its projection for 2024 oil demand growth but trimmed its forecast for next year, citing China's slowing economy.
IEA raises 2024 oil demand forecast, sees surplus looming in 2025
Global oil demand is expected to expand by 920 kb/d this year, the International Energy Agency said on Thursday, while it expects global supply to exceed consumption by more than 1 mb/d next year, primarily due to a slowdown in China's economy.
IEA Lifts 2024 Oil Demand Forecast But Trims 2025 Projections
The International Energy Agency lifted 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. The Paris-based organization forecasts global
demand
to ...
OPEC again cuts 2024, 2025 oil demand growth forecasts
OPEC cut its forecast for global oil demand growth in 2024 and lowered its projection for next year on Tuesday, highlighting China, India and other regions, marking the producer group's fourth consecutive downward revision.
Crude Oil Prices
17h
IEA Warns of Oil Market Surplus Amid Weak Demand in 2025
Tsvetana is a writer for Oilprice.com with over a decade of experience writing for
news
outlets such as iNVEZZ and SeeNews.
2d
Oil prices hold near 2-week low after OPEC cuts demand view, dollar rises
Oil prices held near a two-week low on Tuesday after dropping about 5% over the past two sessions as investors absorbed ...
18h
China's weak oil demand may lead to global surplus of 1 mn barrels: How would crude prices react?
The surplus could provide a buffer for prices against potential supply-side price shocks from conflicts in West Asia and ...
Marketplace
9h
International Energy Agency predicts an oil surplus next year
A supply glut tends to reduce prices, which could prove challenging for President-elect Trump’s plan to boost U.S. oil ...
3d
Demand Is Holding Back Oil Prices
Weak oil demand, not supply, is driving current low oil prices, with global manufacturing and industrial production downturns ...
2d
OPEC Cuts Global Oil Demand Growth Forecasts For a Fourth Consecutive Month
OPEC cut its oil demand growth forecasts for this year and next for a fourth consecutive month as it belatedly recognized a ...
11h
on MSN
China's weak economy and record US production will lead to a surplus of one million barrels of oil a day next year, IEA says
Oil markets are facing a supply glut, with non-OPEC producers on track expand production by 1.5 million barrels of oil a day, ...
Crude Oil Prices
2d
OPEC Slashes Oil Demand Growth Estimate Again
OPEC lowered its global oil demand growth forecast for 2024 and 2025 for the fourth month in a row, citing weaker demand in ...
1d
on MSN
Oil demand to fall to 80-100 million bpd by 2035, says BP's US chief economist
Global oil demand will fall to around 80 million to 100 million barrels per day by 2035 in a net-zero environment, BP's chief ...
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