Building a world of
resilient communities.

MAIN LIST

 

IEA 2004 world oil demand forecast up 50,000 b/d to 79.63-mil b/d

The International Energy Agency Friday raised its estimate of global oil demand in 2004 by 50,000 b/d to 79.63-mil b/d. The upwards revision was based largely on evidence that the demand recovery in non-OECD Asia is gaining momentum. Demand this year is expected to grow by a healthy 1.22-mil b/d from 2003's average, down from last year's year-on-year increase of 1.45-mil b/d. In terms of oil demand growth China is expected to lead the rest of the world in 2004, with its average daily consumption expecte to rise to 5.79-mil b/d from 5.46-mil b/d in 2003, the Paris-based IEA said in its latest monthly report.

What do you think? Leave a comment below.

Sign up for regular Resilience bulletins direct to your email.

Take action!  

Find out more about Community Resilience. See our COMMUNITIES page
Start your own projects. See our RESOURCES page.
Help build resilience. DONATE NOW.

 

This is a community site and the discussion is moderated. The rules in brief: no personal abuse and no climate denial. Complete Guidelines.


Take the Money and Burn: How CEO Pay Accelerates Climate Change

Perverse Pay Incentives Reward Fossil Fuel CEOs for Putting Planet at Risk

Peak Oil Notes - Sep 2

The last ten days have been among the most volatile for the oil markets …

Hundreds Rally in Alaska to Tell Obama ‘Climate Leaders Don’t Drill the Arctic’

Climate groups rallied in Anchorage, Alaska to demand that the U.S. …

U.S. tight oil production decline

U.S. oil production has begun to drop in response to low oil prices, but not …

Europe Oil Consumption Peaked in 2005

Consumption peaked 7 years after the production peak and is falling now in …

Peak Oil Review - Aug 31

 A weekly roundup, including: -Oil and the global economy -The Middle …

Peak Oil Notes - Aug 27

A midweek update. Oil prices fell sharply on Monday in response to another …