Stay Connected

IEA rolls out 2009 supply and demand forecast

07/21/2008
The International Energy Agency has released its outlook for 2009 oil supply and demand.In its latest monthly Oil Market Report, IEA said worldwide oil demand will increase by 860,000 b/d next year to average 87.7 million b/d. This year’s demand growth is forecast at 890,000 b/d.OECD oil product demand will average 48 million b/d in 2009, down 1.2% from 2008, as rising oil prices continue to take their toll.The contraction in demand is expected to be particularly marked in North America, down 380,000 b/d, while demand in both Europe and the Pacific falls by roughly 100,000 b/d each.But growth will be robust in developing economies, IEA said, as 1.4 million b/d of annual growth is ex...
read-story

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.