Crude demand to increase, feed-quality changes in store

Geoff HoultonPurvin & Gertz Inc.HoustonWorld crude oil demand will exceed 87 million b/d by 2025, consistent with an outlook for a return to normal economic and petroleum-demand growth. Increases in global crude oil supplies will be required to meet this anticipated increase in demand.Supply needs will be met by a combination of new upstream developments with strong contributions both from countries outside the Organization of Petroleum Exporting Countries and from OPEC-member countries.The supply analysis in Purvin & Gertz's annual Global Crude Oil Market Outlook suggests a sufficient backlog of new developments will be well positioned to meet much of the near-term incremental in...

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