Iea world oil demand
Oil markets are going through a period of extraordinary change as the United States is increasingly leading the expansion of global oil supplies, and demand is shifting from developed economies and transportation fuels to Asia and petrochemicals. OPEC shaved 230,000 b/d off its 2020 world oil demand growth forecast. On stocks, the IEA said OECD industry inventories held largely steady in December at 2.91 billion barrels as a build in product inventories more than offset lower crude holdings. Total oil stocks stood 26.4 million above the five-year average and covered 61 days of forward demand. Global oil demand in the third quarter of 2019 grew by 1.1 million barrels a day, more than double the 435,000 barrels a day in the previous quarter, according to the latest report from the China’s oil-demand growth, which drove the bull market that propelled crude prices to a record $147 a barrel a decade ago, “grinds to a halt in the 2030s,” the IEA said. The country’s The IEA cut its oil demand growth estimate for 2019 by 90,000 bpd to 1.3 million bpd. The report also revealed a global supply drop in April of 300,000 bpd, led by Iran, Azerbaijan, Kazakhstan and Canada.
19 Jan 2019 Global oil demand will reach 1.4 million barrels per day in 2019, up from 1.3 million bpd in 2018, the Paris-based energy watchdog said in a
Data, forecasts and analysis on the global oil market commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for OECD 1 Jan 2020 The IEA Oil Market Report (OMR) is one of the world's most Global oil demand rose by 955 kb/d y-o-y to 101.1 mb/d in October and for 4Q19 9 Mar 2020 IEA revises down forecast for global oil demand in 2020 by about 1 million barrels a day. 15 Feb 2020 The IEA slashed its demand forecast for the first quarter of 2020, predicting that global oil consumption will contract for the first time in over a 13 Feb 2020 Global oil demand is now expected to see its first quarterly contraction in over a decade, according to the International Energy Agency (IEA). 13 Feb 2020 The virus outbreak will reduce Chinese refining throughputs by 1.1 million b/d during Q1, the IEA forecasts, causing global oil demand to shrink
Oil 2019, the annual IEA outlook for global oil markets, examines the key issues in demand, supply, refining and trade to 2024. This year, the report covers the following themes: a changed supply picture led by the rise of the United States in world markets thanks to rapidly-growing shale oil
13 Nov 2019 By that time, the use of oil-based fuels in passenger cars will have peaked, the IEA said in its long-term World Energy Outlook. Global Oil Demand 12 Jul 2019 Booming U.S. Oil Production, Demand Jitters, Cool Prices Through 2020: IEA. World markets will continue to find themselves with an 16 Nov 2016 The IEA expects global oil consumption to peak no sooner than 2040, in global oil demand,” the IEA said in its annual World Energy Outlook.
Data, forecasts and analysis on the global oil market commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for OECD
9 Mar 2020 IEA revises down forecast for global oil demand in 2020 by about 1 million barrels a day. 15 Feb 2020 The IEA slashed its demand forecast for the first quarter of 2020, predicting that global oil consumption will contract for the first time in over a 13 Feb 2020 Global oil demand is now expected to see its first quarterly contraction in over a decade, according to the International Energy Agency (IEA). 13 Feb 2020 The virus outbreak will reduce Chinese refining throughputs by 1.1 million b/d during Q1, the IEA forecasts, causing global oil demand to shrink 5 Mar 2020 "Aviation makes less than 1pc of GDP but close to 10pc of global oil consumption ." The organization representing major oil consuming countries
17 Jun 2019 Both the International Energy Agency (IEA) and OPEC have cut their estimates for 2019 world oil demand growth in their latest monthly reports.
World oil demand growth, 2018-2024 for selected countries : China, India, Middle East, Rest of the World Global oil demand in the third quarter of 2019 grew by 1.1 million barrels a day, more than double the 435,000 barrels a day in the previous quarter, according to the latest report from the China’s oil-demand growth, which drove the bull market that propelled crude prices to a record $147 a barrel a decade ago, “grinds to a halt in the 2030s,” the IEA said. The country’s
6 Oct 2018 Petrochemicals will account for more than one-third of the growth in world oil demand by 2030, and nearly half of growth by 2050, the IEA said. Since its inception in 1983, the IEA's Oil Market Report (OMR) has become recognised as 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 OECD and selected non-OECD countries. World oil demand growth, 2018-2024 for selected countries : China, India, Middle East, Rest of the World