EIA lowers 2001 world oil demand growth forecast

08/20/2001
Click here to enlarge imageAlthough the US Energy Information Administration cut its forecast for world oil demand growth this year to 1 million b/d for 2001 from its previously predicted 1.2 million b/d, it said that prospects for world demand growth will not be as dim as some had earlier predicted.The agency said that the Organization of Petroleum Exporting Countries will need to increase production well above the group's new quotas by yearend, even after allowing for current levels of quota-breaking."Despite this revision, the prospects for growth in world oil demand are not as unlikely as some estimates have suggested, and excess oil supplies, not disappearing demand, were large...
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.

Stay Connected