Reuters: Comparison of IEA, OPEC Oil Demand Forecasts Since 2008

Reuters: Comparison of IEA, OPEC Oil Demand Forecasts Since 2008The world's two most closely watched oil forecasters – producer group OPEC and the International Energy Agency – disagree over oil demand growth and whether or when demand will peak

Reuters compared each agency's initial oil demand projection in a given year, usually made in the monthly report in the June or July before the year in question, with the figure given in the December of the year in question. For example, for 2008 demand, the figure given in July 2007 was compared to the figure given in December 2008.

Comparing the initial forecast with the end-year forecast will show whether the first forecast was over- or under-estimated, and which agency made the biggest revision in per-barrel terms.

All figures are in millions of barrels per day.

The table comaring the forecasts of the two agencies since 2008 is available through this article on Reuters, 11 March 2024

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