Oil Supply And Demand 2024. Global oil markets should remain “comfortable” this year as new supplies satisfy demand and keep prices in check, according to the. World oil demand growth in 2023 was adjusted lower by 90,000 bbl/day from the previous month’s report to 2.3m bbl/day, the iea said.
Global oil markets face a supply deficit throughout 2024, instead of the surplus previously expected, assuming that opec+ continues output cuts in the second. Futures prices after april 5, 2024, are not available.
Oil Prices Dip After Report
The result has been softer oil prices, and that.
The Iea Sees Global Oil Demand Growth Significantly Weakening In 2024 From 2023, Birol Said, Adding That The Agency Sees Consumption Growing By 1.2 Million Barrels.
Cuts 2023 demand growth forecast by 90,000 bpd.
As Our Special Report Argues This Week, The Coming Peak And Subsequent Decline Of Global Demand For Oil Will Determine Prices And Production Over The Decades To.