While major energy institutions IEA, OPEC, and EIA used to have little differences in their long-term growth projections for the oil market, their demand outlooks have become more divergent in recent years. In its 2024 outlook, OPEC expected global oil demand to increase to more than 113 million barrels per day by 2030. In comparison, the IEA's stated policies scenario (STEPS) from 2024 sees oil demand coming to merely 101.7 million barrels per day by 2030. A figure that was similar to the EIA's latest outlook.
Differences between key energy institutions in forecast crude oil demand worldwide for 2030, by year of outlook
(in million barrels per day)
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Statista. (October 16, 2024). Differences between key energy institutions in forecast crude oil demand worldwide for 2030, by year of outlook (in million barrels per day) [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1538296/forecast-global-oil-demand-2030-by-year-of-outlook/
Statista. "Differences between key energy institutions in forecast crude oil demand worldwide for 2030, by year of outlook (in million barrels per day)." Chart. October 16, 2024. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1538296/forecast-global-oil-demand-2030-by-year-of-outlook/
Statista. (2024). Differences between key energy institutions in forecast crude oil demand worldwide for 2030, by year of outlook (in million barrels per day). Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1538296/forecast-global-oil-demand-2030-by-year-of-outlook/
Statista. "Differences between Key Energy Institutions in Forecast Crude Oil Demand Worldwide for 2030, by Year of Outlook (in Million Barrels per Day)." Statista, Statista Inc., 16 Oct 2024, https://www.statista.com/statistics/1538296/forecast-global-oil-demand-2030-by-year-of-outlook/
Statista, Differences between key energy institutions in forecast crude oil demand worldwide for 2030, by year of outlook (in million barrels per day) Statista, https://www.statista.com/statistics/1538296/forecast-global-oil-demand-2030-by-year-of-outlook/ (last visited December 23, 2024)
Differences between key energy institutions in forecast crude oil demand worldwide for 2030, by year of outlook (in million barrels per day) [Graph], Statista, October 16, 2024. [Online]. Available: https://www.statista.com/statistics/1538296/forecast-global-oil-demand-2030-by-year-of-outlook/
