OGJ Newsletter

12/13/2010
GENERAL INTEREST — Quick TakesWoodMac: Third-quarter oil demand sets recordWorldwide oil demand for this year's third quarter will set a record at 88.3 million b/d, said Wood Mackenzie Ltd., Edinburgh, in its latest analysis.According to the report, provisional data shows that global oil demand for the recent quarter will almost certainly exceed the previous highest quarter—the fourth quarter of 2007—when demand averaged 88 million b/d.Just 3 years from the onset of the great recession, global oil demand has recovered to the pre-recession peak seen in 2007, the report said.The analysis finds that world oil demand in 2010 will likely reach an annual average of 86.7 millio...
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