Analysts Look at Oil Demand Growth in 2024 and 2025
January 09, 2024
In a new report sent to Rigzone, analysts at Standard Chartered projected that global oil demand growth “will stay above the longer-term average” in 2024 and 2025.
The analysts forecast increases of 1.54 million barrels per day this year and 1.41 million barrels next year in the report, adding that projected demand growth is led by China, at 553,000 barrels per day in 2024 and 373,000 barrels per day in 2025, and India, at 329,000 barrels per day in 2024 and 373,000 barrels per day in 2025.
