IEA – Oil, 2024

The IEA's Oil 2024 report highlights the importance of energy supply security amidst global tensions and shifts in oil trade flows. The growing demand in Asia, particularly in China and India, is reshaping the global oil market, while the rise of electric vehicles and clean energy technologies is slowing down oil demand growth. The report explores these developments and their impact on the market, looking ahead to 2030. It provides in-depth analysis and forecasts on oil demand, supply from planned projects, and implications of increased production of natural gas liquids. Oil 2024 goes beyond the short-term focus of the monthly Oil Market Report to offer a comprehensive view of the evolving dynamics in the oil market.