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global oil demand
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China May Be Largest Oil User Globally
Nov 15, 2014China may overtake the US as the largest oil consumer globally in the early 2030s as emerging countries will lead growth in oil consumption in the next decades, the International Energy Agency said in a report yesterday. Global oil demand ...
Tags: oil consumer, crude oil
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OPEC Would Need to Boost Its Output in Q3 by Some 900,000 B/D to Meet Rising Demand
May 19, 2014The International Energy Agency said Thursday OPEC would need to boost its output in the third quarter by some 900,000 b/d from April's level to meet rising global demand, and warned that OECD oil stocks remained tight by historical ...
Tags: OPEC, oil supply
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Overall Oil Demand Growth in China Is Expected to Average 267,000 B/D This Year
Dec 11, 2013Oil demand growth in the US this year is likely to exceed that of China's for the first time since the 1990s, skewing overall global demand in favor of developed markets, investment bank Goldman Sachs said in a new report released Friday. ...
Tags: US, China, oil demand
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Any Person Who Cares Deeply for Themselves and Their Children Should Care About Peak Oil
Nov 19, 2013You don't have to be a scientist, electro physicist, bio-engineer, eco-geologist , doomsday conspiracy theorist, or have a PHD in anything 'institutional' to understand one of the most absolute futures for humanity. In fact, any person who ...
Tags: peak, oil, future, consequence
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The Global Oil Market Is Currently Well Supplied
Nov 19, 2013The global oil market is currently well supplied but growing demand pressures and ongoing disruptions in some OPEC producing countries could soon reverse a recent spate of softer oil prices, the International Energy Agency said Thursday. ...
Tags: Oil Prices, oil market
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U.S. Crude-Oil Futures Settled 1% Lower Friday
Oct 14, 2013U.S. crude-oil futures settled 1% lower Friday after the International Energy Agency warned that the U.S. fiscal crisis could harm demand and said supplies are rising faster than previously thought. Light, sweet crude oil for November ...
Tags: crude-oil, global oil demand
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World Oil Demand Will Rise by 1.1% This Year to 90.26 Million Barrels a Day
Oct 10, 2013World oil demand will rise by 1.1% this year to 90.26 million barrels a day, with gains coming from countries outside of the major industrialized nations, a U.S. government forecast said Tuesday. The Energy Information Administration said ...
Tags: Oil Demand, Oil Use
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A Top Energy Watchdog Forecast The U.S. Will Bypass Russia in Liquid Fuels Production
Sep 17, 2013A top energy watchdog forecast the U.S. will bypass Russia in the production of liquid fuels--everything from crude and gasoline to biofuels like ethanol--solidifying America's growing importance in global energy markets. The ...
Tags: Liquid Fuels
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Unites States' Plan to Cut Reliance on Oil Imports Will Not Affect The Oil Production
Aug 22, 2013The Unites States' plan to cut reliance on oil imports will not affect the oil production in the Gulf countries as Asia's demand for Middle East oil is rising, said a report released Monday by research firm Orient Planet. Recent major ...
Tags: Oil Production
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China's Biggest Energy Firm PetroChina Will Join Exxon Mobil
Aug 15, 2013China's biggest energy firm PetroChina (0857.HK) will join Exxon Mobil (XOM.N) in developing Iraq's giant West Qurna oilfield and is in talks with Russia's Lukoil (LKOH.MM) to buy into a second project at the field, industry sources said. ...
Tags: PetroChina, Iraqi Oilfield
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Ability of OPEC to Influence The Balance of Crude Markets Is Diminishing
Jul 17, 2013The ability of OPEC to influence the balance of crude markets is diminishing in the face of growing US oil production, with 2013 expected to be a rare instance of a year-on-year decline in the call on the producer group to maintain balanced ...
Tags: Chemicals
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OPEC's Share of The Global Oil Market Is Set to Diminish Further Next Year
Jul 17, 2013OPEC's share of the global oil market is set to diminish further next year as surging supplies of oil from the US and other non-OPEC producers outpaces an expected acceleration in world oil demand growth, the International Energy Agency ...
Tags: Chemicals, Metallurgy, Mineral, Energy, Oil
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Global Thirst for Oil Will Be Slightly Stronger Than Expected in The Last Quarter of 2012
Dec 28, 2012Global thirst for oil will be slightly stronger than expected in the last quarter of 2012 because of demand from China and despite a sharp cutback in Europe recently. The IEA forecast that the growth of demand next year is expected to be ...
Tags: IEA, oil, oil consuming, oil market
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Global Oil Demand Will Be Sluggish Throughout 2013
Dec 28, 2012The West's energy agency said that Global oil demand will be sluggish throughout 2013 as economic expansion remains tepid also predicting comfortable oil supply levels which could alleviate oil price pressures on consumers. The ...
Tags: oil, oil demand, oil supply, oil price
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The UAE Produced 2.67 Million Barrels Per Day in October
Dec 13, 2012Latest data from the Paris based International Energy Agency showed that the UAE, on average, produced 2.67 million barrels per day in October 0.74% lower than its output in September. IEA said that in the Q1 of 2013, increased ...