"Any measures that might affect oil demand should be accompanied by a counter-measure that minimises their effects" [...]
"Any measures that might affect oil demand should be accompanied by a counter-measure that minimises their effects" [...]
The last monthly report from the Organization of the Petroleum [...]
U.S. oil demand reached a high of 20.8 million barrels [...]
The Paris-based advisor to 28 industrialised economies said global oil demand would increase by almost 1.5 million barrels per day (bpd), or 1.7%, in 2010 to [...]
FATIH BIROL, the chief economist of the International Energy Agency (IEA), believes that if no big new discoveries are made, the output of conventional oil will peak in 2020 if oil demand grows on a business-as-usual basis. Coming from the band of [...]
The peak-oil debate: 2020 vision - The IEA puts a date on peak oil production
FATIH BIROL, the chief economist of the International Energy Agency (IEA), believes that if no big new discoveries are made, “the output of conventional oil will peak in 2020 if oil demand grows on a [...]
The US Energy Information Administration today lowered its forecast for global oil demand next year, indicating a weaker recovery from leading consumers, such as the US.
World oil consumption next year is now expected to increase 1.1 million barrels per day to 85.22 million bpd. [...]
By Julian Murdoch
Between recent consumption data and the International Energy Agency's World Energy Outlook 2009 report released last month, it's time for some serious questions when it comes to oil demand. Perhaps the biggest is this: Will oil fields be ready to meet existing and [...]
The credit crunch crisis of confidence which we appear to be crawling out of even though the debt and equity markets catapulted themselves higher earlier this year could be similarly argued to be a crisis that started in the credit markets which crunched confidence around the [...]
Peak Oil Demand
Between recent consumption data and the International Energy Agency's World Energy Outlook 2009 report released last month, it's time for some serious questions when it comes to oil demand. Perhaps the biggest is this: Will oil fields be ready to meet existing and future demand, or will [...]
September U.S. petroleum consumption was lowered 518,000 barrels per day to 18.362 million bpd, the Energy Information Administration said in its monthly petroleum supply report. [...]
In World Energy Outlook 2009, the International Energy Agency seems to have dropped a bombshell that has been quietly (and politely) ignored. In their main 'reference scenario', the IEA forecasts that OECD demand has already peaked - it never recovers the levels seen before the oil price spikes and financial [...]
The U.S. Energy Department's weekly inventory release showed a smaller-than-expected build in crude stockpiles, a surprise drop in distillates and improvement in refinery run-rates. However, this piece of positive data was somewhat tempered by reports of increases in gasoline supplies.
In its release, the agency said that crude [...]
In recent editions of their World Energy Outlook, the IEA has been reducing their forecast for 2030 total oil supply. But forecasting a decline in OECD consumption is a radical shift.
Here at The Oil Drum we see peak oil occuring well before 2030, with production at [...]
Demand will fall by about 2 million barrels a day this year as the recession [...]
The accelerating rise in commodities prices may leave energy behind. Even if the economy recovers next year as expected, energy consumption in the industrialized world fell so far, so fast, that it will struggle just to meet 2007 levels.
Barclays Capital estimates that oil demand [...]
According to a Reuters poll of ten top oil-tracking analysts and organizations, oil [...]
Perhaps this week you heard news reports about Venezuela bombing a couple of bridges that connected it with Colombia, and have been wondering what all the tension is about.
If so you should run to read this report in UK's The Independent about America's role (surprise!) in fomenting tension. (via Forexlive) [...]
SINGAPORE (Reuters) - Oil demand in wealthy countries has not improved much and the patchy state of global recovery could prompt OPEC to keep output steady at its next meeting, the International Energy Agency (IEA) said on Tuesday.
High distillate stocks in the Organization for Economic Cooperation and Development, the group [...]
LONDON (Reuters) - The world will use more fuel in the fourth quarter of 2009, marking the first time global oil demand has risen since the second quarter of 2008, the International Energy Agency said on Thursday.
After a year-on-year contraction in demand for the first three quarters, its monthly report [...]
This is part 2 of my post on oil demand. This time I look at the Non-OECD demand and how it may impact global oil demand. Based on data from the 2009 BP Statistical Review, the OECD oil consumption in 2008 decreased by -3.2% while demand within emerging economies increased [...]
LONDON (Reuters) - OPEC has raised its forecast for world oil demand growth slightly but says fuel consumption may not return to levels seen before the global economic slowdown, even if growth recovers.
The Organization of the Petroleum Exporting Countries' monthly report on Wednesday raised its estimate for 2010 oil demand' [...]
Standard economic principles have demonstrated that price is a function of supply and demand. The same is true for the recent oil prices fluctuations we have witnessed over the last few years, namely the equilibrium between supply and demand. However, the following conundrum has not been resolved: are oil prices high due to greater demand or too little supply? This ambiguity [...]
WASHINGTON (Reuters) - The U.S. government on Tuesday raised its estimate for world oil demand next year, as Asian economies continue to rebound.
In its new monthly energy forecast, the Energy Information Administration said it expects 2010 world oil demand to rise 1.26 million barrels per day from a year earlier. [...]
Global oil demand is expected to advance 1 percent a year to 105 million barrels a day by 2030 from 85 [...]
