The global oil & gas industry continues to be a pivotal sector, with market dynamics driven by both consumption volumes and value metrics. In 2024, the industry posted revenues of $5.95 trillion ...

The EIA Short-Term Energy Outlook (STEO) was published recently, an estimate for World C+C output from 2018 to 2026, with ...

Chart made by Gail Tverberg in 2012 ... More recently, per-capita world oil consumption has been down, especially in 2020. Oil supply has not regained the 2004 to 2007 level, or even the 2018 ...

In its latest report, the International Energy Agency reduced projections for growth in world oil consumption this year while anticipating a supply surplus. Oil futures edged higher Monday after the ...