{"id":3861,"date":"2024-03-12T12:00:30","date_gmt":"2024-03-12T10:00:30","guid":{"rendered":"https:\/\/ch.jfdi.cc\/?p=3861"},"modified":"2024-03-12T12:00:30","modified_gmt":"2024-03-12T10:00:30","slug":"opec-iea-at-most-divided-on-oil-demand-since-at-least-2008","status":"publish","type":"post","link":"https:\/\/ch.jfdi.cc\/?p=3861","title":{"rendered":"OPEC, IEA at most divided on oil demand since at least 2008"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/03\/opec-iea-at-most-divided-on-oil-demand-since-at-least-2008.jpg\" class=\"ff-og-image-inserted\"><strong>Producer group OPEC and the International Energy Agency, the world\u2019s most closely watched forecasters of oil demand growth, are further apart than they have been for at least 16 years in their views on fuel use<\/strong>, according to Reuters research.The gap between the IEA, which represents industrialised countries, and the Organisation of the Petroleum Exporting Countries means the<strong> two are sending divergent signals to traders and investors on oil market strength in 2024 and, for the longer term, about the speed of the world\u2019s transition to cleaner fuels.<\/strong>In February this year, the\u00a0IEA predicted\u00a0demand will rise by 1.22 million barrels per day (bpd) in 2024, while in its February report\u00a0OPEC expected 2.25 million bpd. The difference is about 1 per cent of world demand.\u201cThe IEA has a very strong perception that the energy transition will move ahead at a much faster pace,\u201d Neil Atkinson, a former head of the IEA\u2019s Oil Markets Division, said. \u201cBoth agencies have boxed themselves in with a position, which is why they have this enormous gulf in demand forecasts.\u201dTo set the difference in context, Reuters analysed the changes each agency has made to its oil demand forecasts from 2008 to 2023, and the first two months of this year.The period was chosen to give a long enough time series to draw conclusions and because it included extreme volatility in oil demand, starting with the 2008 financial crisis and ending with the 2020 pandemic and subsequent demand recovery.Follow the<br \/>\nCyprus Mail  on Google News<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Producer group OPEC and the International Energy Agency (IEA) have the largest discrepancy in their oil demand growth forecasts in at least 16 years. In February, the IEA predicted a demand increase of 1.22 million barrels per day (bpd) for 2024, while OPEC forecasted a rise of 2.25 million bpd. This difference represents about 1% of world demand. The divergence in forecasts by the IEA, which represents industrialized countries, and OPEC sends mixed signals to traders and investors regarding the oil market&#8217;s strength in 2024 and the pace of the world&#8217;s transition to cleaner fuels.<\/p>\n","protected":false},"author":3,"featured_media":3862,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[3,1167,358,250,187,1494,34,1492,1493,18],"class_list":["post-3861","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cyprus","tag-cyprus","tag-draw","tag-energy","tag-google","tag-international","tag-international-energy-agency","tag-markets","tag-oil-demand-growth","tag-opec","tag-world"],"acf":{"keyphrase":"","keywords":"","sourceimg":"","country-category":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>OPEC, IEA at most divided on oil demand since at least 2008<\/title>\n<meta name=\"description\" content=\"Oil demand forecasts. oil demand growth, OPEC, International Energy Agency\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OPEC, IEA at most divided on oil demand since at least 2008\" \/>\n<meta property=\"og:description\" content=\"Oil demand forecasts. oil demand growth, OPEC, International Energy Agency\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ch.jfdi.cc\/?p=3861\" \/>\n<meta property=\"og:site_name\" content=\"ch.jfdi.cc\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-12T10:00:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/03\/opec-iea-at-most-divided-on-oil-demand-since-at-least-2008.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1440\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Cyprus Mail\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Cyprus Mail\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=3861#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=3861\"},\"author\":{\"name\":\"Cyprus Mail\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/#\\\/schema\\\/person\\\/606e0fbe40ab1cad97176ec3e4e248f8\"},\"headline\":\"OPEC, IEA at most divided on oil demand since at least 2008\",\"datePublished\":\"2024-03-12T10:00:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=3861\"},\"wordCount\":260,\"image\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=3861#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ch.jfdi.cc\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/opec-iea-at-most-divided-on-oil-demand-since-at-least-2008.jpg\",\"keywords\":[\"Cyprus\",\"draw\",\"Energy\",\"Google\",\"International\",\"International Energy Agency\",\"Markets\",\"oil demand growth\",\"OPEC\",\"World\"],\"articleSection\":[\"Cyprus\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=3861\",\"url\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=3861\",\"name\":\"OPEC, IEA at most divided on oil demand since at least 2008\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=3861#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=3861#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ch.jfdi.cc\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/opec-iea-at-most-divided-on-oil-demand-since-at-least-2008.jpg\",\"datePublished\":\"2024-03-12T10:00:30+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/#\\\/schema\\\/person\\\/606e0fbe40ab1cad97176ec3e4e248f8\"},\"description\":\"Oil demand forecasts. oil demand growth, OPEC, International Energy Agency\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=3861#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/ch.jfdi.cc\\\/?p=3861\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=3861#primaryimage\",\"url\":\"https:\\\/\\\/ch.jfdi.cc\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/opec-iea-at-most-divided-on-oil-demand-since-at-least-2008.jpg\",\"contentUrl\":\"https:\\\/\\\/ch.jfdi.cc\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/opec-iea-at-most-divided-on-oil-demand-since-at-least-2008.jpg\",\"width\":2560,\"height\":1440,\"caption\":\"OPEC, IEA at most divided on oil demand since at least 2008\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=3861#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/ch.jfdi.cc\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"OPEC, IEA at most divided on oil demand since at least 2008\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/#website\",\"url\":\"https:\\\/\\\/ch.jfdi.cc\\\/\",\"name\":\"ch.jfdi.cc\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/ch.jfdi.cc\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/#\\\/schema\\\/person\\\/606e0fbe40ab1cad97176ec3e4e248f8\",\"name\":\"Cyprus Mail\",\"sameAs\":[\"https:\\\/\\\/cyprus-mail.com\\\/\"],\"url\":\"https:\\\/\\\/ch.jfdi.cc\\\/?author=3\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"OPEC, IEA at most divided on oil demand since at least 2008","description":"Oil demand forecasts. oil demand growth, OPEC, International Energy Agency","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_GB","og_type":"article","og_title":"OPEC, IEA at most divided on oil demand since at least 2008","og_description":"Oil demand forecasts. oil demand growth, OPEC, International Energy Agency","og_url":"https:\/\/ch.jfdi.cc\/?p=3861","og_site_name":"ch.jfdi.cc","article_published_time":"2024-03-12T10:00:30+00:00","og_image":[{"width":2560,"height":1440,"url":"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/03\/opec-iea-at-most-divided-on-oil-demand-since-at-least-2008.jpg","type":"image\/jpeg"}],"author":"Cyprus Mail","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Cyprus Mail","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ch.jfdi.cc\/?p=3861#article","isPartOf":{"@id":"https:\/\/ch.jfdi.cc\/?p=3861"},"author":{"name":"Cyprus Mail","@id":"https:\/\/ch.jfdi.cc\/#\/schema\/person\/606e0fbe40ab1cad97176ec3e4e248f8"},"headline":"OPEC, IEA at most divided on oil demand since at least 2008","datePublished":"2024-03-12T10:00:30+00:00","mainEntityOfPage":{"@id":"https:\/\/ch.jfdi.cc\/?p=3861"},"wordCount":260,"image":{"@id":"https:\/\/ch.jfdi.cc\/?p=3861#primaryimage"},"thumbnailUrl":"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/03\/opec-iea-at-most-divided-on-oil-demand-since-at-least-2008.jpg","keywords":["Cyprus","draw","Energy","Google","International","International Energy Agency","Markets","oil demand growth","OPEC","World"],"articleSection":["Cyprus"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/ch.jfdi.cc\/?p=3861","url":"https:\/\/ch.jfdi.cc\/?p=3861","name":"OPEC, IEA at most divided on oil demand since at least 2008","isPartOf":{"@id":"https:\/\/ch.jfdi.cc\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ch.jfdi.cc\/?p=3861#primaryimage"},"image":{"@id":"https:\/\/ch.jfdi.cc\/?p=3861#primaryimage"},"thumbnailUrl":"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/03\/opec-iea-at-most-divided-on-oil-demand-since-at-least-2008.jpg","datePublished":"2024-03-12T10:00:30+00:00","author":{"@id":"https:\/\/ch.jfdi.cc\/#\/schema\/person\/606e0fbe40ab1cad97176ec3e4e248f8"},"description":"Oil demand forecasts. oil demand growth, OPEC, International Energy Agency","breadcrumb":{"@id":"https:\/\/ch.jfdi.cc\/?p=3861#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ch.jfdi.cc\/?p=3861"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/ch.jfdi.cc\/?p=3861#primaryimage","url":"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/03\/opec-iea-at-most-divided-on-oil-demand-since-at-least-2008.jpg","contentUrl":"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/03\/opec-iea-at-most-divided-on-oil-demand-since-at-least-2008.jpg","width":2560,"height":1440,"caption":"OPEC, IEA at most divided on oil demand since at least 2008"},{"@type":"BreadcrumbList","@id":"https:\/\/ch.jfdi.cc\/?p=3861#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ch.jfdi.cc\/"},{"@type":"ListItem","position":2,"name":"OPEC, IEA at most divided on oil demand since at least 2008"}]},{"@type":"WebSite","@id":"https:\/\/ch.jfdi.cc\/#website","url":"https:\/\/ch.jfdi.cc\/","name":"ch.jfdi.cc","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ch.jfdi.cc\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/ch.jfdi.cc\/#\/schema\/person\/606e0fbe40ab1cad97176ec3e4e248f8","name":"Cyprus Mail","sameAs":["https:\/\/cyprus-mail.com\/"],"url":"https:\/\/ch.jfdi.cc\/?author=3"}]}},"_links":{"self":[{"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=\/wp\/v2\/posts\/3861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3861"}],"version-history":[{"count":0,"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=\/wp\/v2\/posts\/3861\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=\/wp\/v2\/media\/3862"}],"wp:attachment":[{"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}