Global demand of oil
Assessing the impact of the virus, Rystad Energy is heavily revising its annual global oil demand growth forecast down by 25% to 820,000 barrels per day (bpd) in 2020. For 2018, a total global demand of 99.3 million barrels of oil per day was estimated. Of that amount, almost one third goes to the Asian-Pacific and the Americas regions, respectively. For 2018, a total global demand of some 100.8 million barrels per day was predicted. In its latest Oil Market Report, the agency predicts that demand will grow by 1 million barrels per day (mb/d) in 2019 and 1.2 mb/d in 2020, both of which are downward revisions by 100,000 bpd Sometime in the next few weeks, global oil consumption will reach 100 million barrels per day (bpd) - more than twice what it was 50 years ago - and it shows no immediate sign of falling. This "Atlas der Globalisierung"-inspired visualization, based on 2013 data by BP, allows the reader to quickly grasp the temporal and spatial differences in oil consumption and production. On one hand, during certain periods of history, some nations consumed almost as much oil as the rest of the world together.
28 Aug 2016 While incremental annual gains obviously vary, there is nothing more assured than increasing global oil demand. The steady drumbeat of more
29 Jan 2020 China, usually the world's biggest importer and second largest consumer of oil, is buying less crude than it otherwise would as fewer people 11 Jun 2018 Global oil demand growth was a much heralded sidekick to supply cuts that rebalanced the market in record time. Now the Saudi 20 Aug 2019 The global energy economy is undergoing a rapid transition from 'hydrocarbon molecules to electrons': in other words, from fossil fuels to 23 Jun 2019 Oil demand in 2018 grew by 1.5%, ahead of the decade-long average of 1.2%. On the other hand, 2018 demand growth of 1.4 million BPD 28 Aug 2016 While incremental annual gains obviously vary, there is nothing more assured than increasing global oil demand. The steady drumbeat of more 23 Dec 2015 Global demand for OPEC's crude will be lower in 2020 than next year as supply from rivals proves more resilient than expected.
Firmer demand growth as the global economy strengthens and slower supply growth will contribute to balanced markets in the fourth quarter of 2020 and global oil inventory draws in 2021. EIA expects global liquid fuels inventories will decline by 0.4 million b/d in 2021.
7 Oct 2019 The transportation and petrochemical sectors are supposed to drive global oil consumption higher through to 2040 based on the IEA's New The current day for oil is roughly around 90 million barrels of oil a day to satisfy the world's needs, 'compared with 31.2 barrels in 1965' (Rodrigue, 2009) Watch our video series to explore how peak oil demand will affect each sector: growth in overall global oil demand, supported by the petrochemical sector.
The arrival of the coronavirus is rattling a global oil market that was already facing challenges. On the demand side, growth in 2019 was significantly weaker than
23 Jun 2019 Oil demand in 2018 grew by 1.5%, ahead of the decade-long average of 1.2%. On the other hand, 2018 demand growth of 1.4 million BPD 28 Aug 2016 While incremental annual gains obviously vary, there is nothing more assured than increasing global oil demand. The steady drumbeat of more 23 Dec 2015 Global demand for OPEC's crude will be lower in 2020 than next year as supply from rivals proves more resilient than expected. 24 Jan 2020 Saudi Aramco CEO has predicted that the global demand for oil will continue to grow, remaining above 100 million barrels per day. 21 Jun 2018 Strong global oil demand and U.S. production has boosted the 2018 Q2 energy outlook (includes May monthly statistical report). 202.682.8114 |
13 Feb 2020 Global oil demand will drop this quarter for the first time in over a decade as the coronavirus batters China's economy, the International Energy
21 Oct 2019 Global demand for crude oil (including biofuels) in 2018 amounted to 99.3 million barrels per day and is projected to increase to 101.6 million 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). 3 days ago Global demand for oil is heading for its biggest annual slump on record as more countries go into lockdown and impose travel bans to combat
21 Oct 2019 Global demand for crude oil (including biofuels) in 2018 amounted to 99.3 million barrels per day and is projected to increase to 101.6 million