News in Numbers
714m
The number of barrels of oil the US Strategic Petroleum Reserve, the world's largest supply of emergency crude oil, can store.
$23.6bn
Norwegian oil and gas investments are expected to hit a record high this year, reaching 246.9bn Norwegian kroner ($23.6bn) in 2024.
$75bn
The amount of investment an emissions cap would remove from the oil and gas sector over the next nine years, according to oil and gas lobby group the Canadian Association of Petroleum Producers.
2.2 mb/d
Oil demand growth for 2024, according to OPEC Secretary General Haitham Al Ghais speaking at the meeting of OPEC’s Economic Commission Board this week.
1.1 mb/d
Meanwhile, the IEA revised its forecast earlier in May and now expects oil demand to grow by only 1.1 million barrels per day (mb/d) in 2024.
