Thursday, October 24, 2024

Let's Do Some ChatGPT -- October 24, 2024

Locator: 48648B.

Is global oil demand rising or falling?

Does the EIA have a good track record on predicting global oil demand?


OPEC:

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Background

Total demand, 2024: averaging 103 million bopd.

IEA's projections: substantially lower than those of OPEC. The latter expects global oil demand to grow to over 120 million bopd by 2050.

IEA: predicts the global oil demand will peak by 2030.

Statista:

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