Global Oil Demand & Over Production By Some OPEC+ Members
Dear Subscribers:
We would like to share with you a complementary copy of the Daily Energy Report Daily Energy Report in which we discuss growth in global oil demand and over production by some oPEC+ members.
Chart of the Day: World Oil Demand to Hit All-Time High in 2024
Summary
Figure (1) above shows quarterly world demand estimates by the International Energy Agency (IEA) for 2022 and 2023. It also shows the Agency’s forecasts for 2024. The IEA expects oil demand to grow by 1.2 mb/d in 2024 above that of 2023 to reach an all-time yearly high of 102.98 mb/d.