EIA expects US liquids fuels consumption to rise

04/29/2013
Conglin Xu Senior Editor-Economics In a Short-Term Energy Outlook (STEO) released Apr. 9, the US Energy Information Administration projected that world oil consumption will reach 90 million b/d in 2013 and 91.3 million b/d in 2014, lower by 100,000 b/d and 200,000 b/d, respectively, compared with last month's STEO. World liquid fuels consumption in 2012 was 89 million b/d. With new refining capacity coming online and investment expansion in the property market and infrastructure sector, refinery crude oil inputs in China are expected to increase in 2013. Due to weaker industrial indicators at the beginning of 2013, liquid fuels consumption in China is forecast to increase by 450,000 b/d i...
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