IEA raises 2024 oil demand forecast

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 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.
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.
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 slowdown in top consumer China.
IEA Raises 2024 Global Oil Demand View, Sees Supply Exceeding Demand Next Year
The International Energy Agency on Thursday increased its 2024 global oil demand outlook as consumption in advanced economies rebounded in the third quarter. World oil demand is now expected to grow by 920,
EIA slightly raises US, global oil production forecasts
Both U.S. and global oil production are set to rise to slightly larger record highs this year than prior forecasts, the U.S. Energy Information Administration said on Wednesday.
Oil set for weekly loss on uncertainty around Fed rate cuts, China demand fears
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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.
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