IEA report points to buoyant oil demand
Says that more investment will be needed to ensure adequate supplies after 2020; US expected to be prime player in oil production
Alan Bailey Petroleum News
Predominantly because of strong economic growth in Asia, global oil demand will increase by some 6.9 million barrels per day to 104.7 million bpd by 2023, according to the International Energy Authority’s Oil 2008 report, the agency’s latest five-year forecast for global oil markets.
The report say....
[additional news subjects in this story]
Excess stock disappearing Changing demand mix Slow investment recovery U.S. role in production growth
You must be logged in to view this story. Please either log in or subscribe.
Click here to subscribe to Petroleum News for as low as $89 per year.
Subscribers log in here to read the entire newspaper (1998 to 08/12/2020)
|
Petroleum News - Phone: 1-907 522-9469 [email protected] --- https://www.petroleumnews.com --- S U B S C R I B E
Copyright Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA)©1999-2019 All rights reserved. The content of this article and web site may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law subject to criminal and civil penalties.
|