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Oil Consumption Newsletter
  • IEA Cuts 2024 Oil Demand Growth Forecast 12 Apr 2024 20:45 GMT

    … day (bpd). The rise in oil consumption continues to lose momentum, with … of OPEC, which confirmed on Thursday its forecast of global oil demand … to be strong as consumption of transportation fuels is set to rise …

  • IEA Slashes Oil Demand Forecast: Electric Vehicles and Slowdown Put Brakes on Growth 12 Apr 2024 16:37 GMT

    … the agency, ICE Brent crude futures hit a six-month … attacks on Russian refineries, and an extension of OPEC+ output cuts … the Petroleum Exporting Countries, as the cartel forecasts global oil-demand … in 2025. By contrast, consumption in the OECD will decline …

  • OPEC Forecasts Strong Summer Fuel Demand In… 12 Apr 2024 16:18 GMT

    … of the Petroleum Exporting Countries (OPEC) predicted a surge in fuel consumption during the … outlook for relatively strong global oil demand growth in 2024, according … transition toward cleaner fuels. Despite the varying projections, OPEC and its allies …

  • IEA reports slow Q1 global oil demand growth, cites weaker OECD deliveries 12 Apr 2024 16:07 GMT

    … on the worldwide surge in oil consumption is expected to decline from … The IEA forecast said non-OPEC+ countries, mainly the US, are … report reads.  Throughout 2025, non-OPEC+ production will grow by 1 … .6mbbl/d, while OPEC+ supply could fall by 820 …

  • IEA: Can diesel keep dodging big impacts from attacks on Russian refineries? 12 Apr 2024 15:10 GMT

    … on Russian refineries might end that stability. Crude and products … in the report: “Russian refinery outages risk disruption to … , as are jet fuel and heating oil, among other products. … the largest cut of distillate consumption. “The potential remains …

  • Hurdles to hydrogen: the pragmatic and public cases against the fuel 12 Apr 2024 14:52 GMT

    … generate energy. Unlike fossil fuels, burning hydrogen produces no … clean at the point of consumption. But not all hydrogen … overall than its fossil fuel counterparts. Access the most … the country’s last remaining oil refineries, also in Cheshire, and …

  • IEA lowers its forecast for global oil demand growth in 2024 by 130,000 bpd 12 Apr 2024 13:09 GMT

    … its forecast for global oil demand growth in 2024 by … a greater decline in heating fuel consumption in OECD countries. The … that decreasing global oil demand growth indicates consumption will peak in … , the current rate of oil demand growth is largely similar …

  • Oil Oil demand growing at a slower pace as post-Covid rebound runs its course 12 April 2024 12 Apr 2024 12:04 GMT

    While we expect growth in oil consumption in 2024 (1.2 mb… China; steady improvements in vehicle fuel economies; and, notably, efforts … , the decline in global oil demand following the peak will … transition technologies mean that the oil market is set to …

  • Oil Market Report - April 2024 Fuel report — April 2024 12 Apr 2024 12:04 GMT

    … . Russian refinery outages added to product market unease, while OPEC+ put … cuts through 2Q24. Escalating oil supply security concerns are set … in 2025. By contrast, consumption in the OECD will decline … will lower the call on OPEC+ crude by roughly 300 kb…

  • OPEC Calls For Strict Monitoring Of Oil Market As Demand Set To Surge 12 Apr 2024 11:39 GMT

    … Organization of Petroleum Exporting Counties, OPEC, says strong oil market monitoring … market have said that oil consumption appears to be running … of $100 crude this summer. “The robust oil demand outlook … the group’s own crude. The OPEC and its allies are …

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