# Oil Market Report - September 2024 - IEA

> The IEA's September monthly oil report says global oil demand growth is slowing, led by a contraction in Chinese consumption for a fourth straight month. It forecasts 2024 demand growth of 900 kb/d and a 2025 increase of 950 kb/d, while non-OPEC+ supply rises.

- Date: 2024-09-12 · published 2024-09-12T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/10167-oil-market-report-september-2024-iea
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Weaker demand growth and rising supply outside OPEC+ point to a looser crude market, which is bearish for oil prices and related energy costs.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-11-14 | [Oil Market Report - November 2024 - IEA](https://feedsoft.ai/events/27587-oil-market-report-november-2024-iea.md) | +0.7% | +2.2% |
| WTI | 2025-11-13 | [Oil Market Report - November 2025 - IEA](https://feedsoft.ai/events/22111-oil-market-report-november-2025-iea.md) | +1.6% | -2.2% |
| WTI | 2018-11-13 | [Oil Market Report - November 2018 - IEA](https://feedsoft.ai/events/11336-oil-market-report-november-2018-iea.md) | -4.8% | -13.7% |
| WTI | 2025-10-14 | [Oil Market Report - October 2025 - IEA](https://feedsoft.ai/events/22591-oil-market-report-october-2025-iea.md) | -2.7% | +1.7% |
| WTI | 2020-04-15 | [Oil Market Report - April 2020 - IEA](https://feedsoft.ai/events/4479-oil-market-report-april-2020-iea.md) | -32.0% | +25.9% |
| BRENT | 2024-11-14 | [Oil Market Report - November 2024 - IEA](https://feedsoft.ai/events/27587-oil-market-report-november-2024-iea.md) | +1.4% | +1.9% |
| BRENT | 2025-11-13 | [Oil Market Report - November 2025 - IEA](https://feedsoft.ai/events/22111-oil-market-report-november-2025-iea.md) | +2.2% | +0.6% |
| BRENT | 2018-11-13 | [Oil Market Report - November 2018 - IEA](https://feedsoft.ai/events/11336-oil-market-report-november-2018-iea.md) | -6.5% | -14.1% |

## Sources

- iea.org: https://www.iea.org/reports/oil-market-report-september-2024

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.