global oil demand

In the World 18th May 2026

Oil reserves fall by 4 Mbpd in April, fastest rate ever, but OPEC forecasts demand to grow by just 1.17 Mbpd

Reported by Bankinter OPEC has reduced its estimate for global demand growth in 2026, but increased it for 2027. It estimates that demand will rise by 1.17 Mbd compared to the previously forecast 1.38 Mbd. For next year, it estimates 1.54 Mbd, which is 200,000 bpd higher than the previous estimate. In Q2 2026, it estimates that demand will reach 104.5 Mbd vs the previous 105.07 Mbd. Analysis team’s view:…

World economy 16th August 2023

Global crude oil demand hit a record 102 mb/d in June and could hit another in August

Link Securities | The EFE news agency reported that, in its monthly report on the world oil market, published on Friday, the International Energy Agency (IEA) said that global demand for crude oil reached a record 102 million barrels per day (mbd) in June. Last month demand fell slightly to 100.9 mbd. However, the IEA believes that another record could be seen in August. This higher demand is encouraged by…

Markets 27th August 2016

Slowing OECD countries demand may drag on global oil markets

Oil demand in both Emerging Markets (EMs) and Developed Markets (DMs) has risen strongly since 2014, but now the oil market will have to rely on EM consumption, according to a BofA Merrill Lynch Global Research report.