OGJ Newsletter

08/13/2012
GENERAL INTEREST — Quick Takes EIA projects slightly higher global oil demand growth Worldwide liquids fuels consumption will rise by 800,000 b/d this year and by 900,000 b/d in 2013, according to the latest outlook from the US Energy Information Administration. In last month’s Short-Term Energy Outlook (STEO), EIA projected that global oil demand would climb by 700,000 b/d during both 2012 and 2013. In its latest STEO, EIA sees China, the Middle East, Central and South America, and other countries outside of the Organization for Economic Cooperation and Development accounting for nearly all consumption growth. Projected OECD liquid fuels consumption will decline by 430,000 b/d in 2012 ...
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