#OPEC

#OilDemand #OPEC #WOO23

#RoadTransportation

#ReducingEmissions #EnergyDemand

Driven by the Middle East & Africa, India and other Asia, non-OECD population growth is projected to be much higher than the OECD by 2045 #WOO23

Demand for DoC (Declaration of Cooperation) crude in 2025 is expected to reach about 44.0 mb/d, an increase of about 0.8 mb/d over the forecast 2024 level #MOMR

Demand for DoC crude (i.e. crude from countries participating in the Declaration of Cooperation) is projected to stand at about 43.2 mb/d in 2024, which is around 0.9 mb/d higher than the estimated level for 2023 #MOMR

In 2025 global oil demand growth is expected to see robust growth of 1.8 mb/d, y-o-y. The OECD is expected to grow by 0.1 mb/d, y-o-y, while demand in the non-OECD is forecast to increase by 1.7 mb/d #MOMR

Slight adjustments were made to the 1Q24 data, with a slight upward revision in OECD Europe and some non-OECD data, reflecting better-than-expected performance in oil demand data.

This increase was offset by a downward revision to Africa in 1Q24 and the Middle East in the first…

#OPEC ’s Monthly Oil Market Report for April 2024 is now available online #MOMR

Download 👉momr.opec.org/pdf-download/

#OilDemand #EnergyIndustry

#EnergySupply #OPEC

The #OPEC Family wishes you and your families a festive, blessed Eid. #EidMubarak

Energy demand growth is driven by non-OECD regions, which increase by 69 mboe/d between 2022 and 2045. Almost 28% of the non-OECD growth comes from India alone. At the same time, energy demand in OECD countries drops slightly #WOO23 #OPEC

#MarketStability #OPEC

#OPEC

#Oil #FoodSecurity

#OPEC

#EnergyTransitions

#OPEC