Global Oil Consumption Hits Historic 100 Million Barrels Per Day Milestone | OilPrice.com
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oilprice.com
The world oil demand growth forecast for 2024 is revised down slightly by 135 tb/d from the previous month’s assessment. It now stands at a healthy 2.1 mb/d, well above the historical average of 1.4 mb/d seen prior to the COVID-19 pandemic. This slight revision reflects actual data received for 1Q24 and in some cases 2Q24, as well as softening expectations for China’s oil demand growth in 2024. Within the main regions, OECD oil demand is expected to grow by around 0.2 mb/d in 2024, while non-OEC
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The world oil demand growth forecast for 2024 is revised down …
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Global oil demand is projected to surge nearly 19% per cent by 2050, reaching 123 million barrels per day, according to Opec’s latest World Oil Outlook report. The growth will be driven largely by emerging economies across the Global South, including India, Africa and the Middle East, while demand in the developed economies of the OECD, is set to decline. | The National
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