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Sector Update: Energy Stocks Advance Premarket Thursday
IEA: Crude oil demand growth in 2024 may be halved, with a surplus of over one million barrels of crude oil expected every day next year.
In terms of demand, the IEA expects that this year, global oil consumption will increase by 0.92 million barrels per day, which is less than half of the growth rate in 2023. By 2025, demand will grow by 0.99 million barrels per day. However, the IEA predicts that supply growth will continue, with production from countries such as the usa, Brazil, Canada, and Guyana increasing by 1.5 million barrels per day this year and next.
SBM Offshore, Technip Energies to Deliver FPSO Vessel for TotalEnergies in Suriname
Saipem Signs $1.9-Billion Contract With TotalEnergies in Suriname
TotalEnergies Executes Major Share Buyback Program
COP29: TotalEnergies Deploys Continuous, Real-Time Methane Emissions Detection Equipment on All Its Operated Upstream Assets