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Montevideo, March 29th 2023 - 12:40 UTC

Tag: global oil demand

  • Thursday, February 7th 2019 - 07:44 UTC

    Bank Of America: Oil Demand Growth To Hit Zero Within A Decade

    By 2030, oil demand growth zeros out as consumption hits a permanent peak, before falling at a relatively rapid rate thereafter <br />

    By 2030, oil demand could hit a peak and then enter decline, according to a new report. For the next decade or so, oil demand should continue to grow, although at a slower and slower rate. According to Bank of America Merrill Lynch, the annual increase in global oil consumption slows dramatically in the years ahead. By 2024, demand growth halves, falling to just 0.6 million barrels per day (mb/d), down from 1.2 mb/d this year.

  • Monday, November 17th 2014 - 06:50 UTC

    IEA says oil supplies may not keep up with demand

    Global oil demand is expected to increase by 37% by 2040, with a dominant proportion of that coming from developing countries – i.e. China and India

    Despite what appears to be a saturated oil market in 2014, oil producers around the world will struggle to meet rising demand over the next few decades.