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Global Oil Demand Outlook 2024
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Angola's OPEC Exit Shakes World Oil Mark...
Angola's OPEC Exit and Its Impact
Overview
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Wood Mackenzie forecasts a 1.9 million bpd increase in global oil demand for 2024, driven primarily by China and India. OPEC predicts ongoing growth, contrasting with the IEA's projection of demand peaking by 2030. OPEC+ considers extending output cuts through Q2 2024.
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How might the differing forecasts from OPEC, the IEA, and Wood Mackenzie impact global oil markets and investment decisions?
In what ways could the decisions around extending output cuts by OPEC+ influence oil prices and the overall economic stability of oil-producing nations?
What factors are driving the expected surge in oil demand from China and India, and what implications does this hold for the energy landscape?
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