IEA projects 2004 oil supply, demand

Market MovementIEA projects 2004 oil supply, demandThe latest Oil Market Report from the International Energy Agency includes projections for 2004 global oil demand and supply from countries outside the Organization of Petroleum Exporting Countries. These initial estimates peg demand growth at 1 million b/d and non-OPEC supply plus OPEC NGL growth at 1.74 million b/d.Demand growthAlthough this rate of demand growth is equal to that projected for this year—when the global economy is still struggling—IEA cites several reasons as to why the 2004 figure is more bullish than it seems. For instance, 2003 oil demand growth was boosted by a number of factors related to fuel switching....

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected