The article reports that the record high prices for crude oil are slowing worldwide demand for the fourth quarter of 2007 based on the International Energy Agency's (IEA) "Oil Market Report." The high prices are creating short-term effects globally, particularly in Asia, where oil product ...
DUBAI, Nov. 27 (Xinhua) -- Chinese and U.S. demand for petrochemicals will drive the global demand for oil next year, expert said on Monday at the three-day Gulf Petrochemical and Chemical Association Forum. Demand for oil in China and the U.S. is expected to continue to grow next ye...
IEA: 2010 Oil Demand to Rise 1.8%, but Refinery Runs Slipping. The article reports on the forecast of increase in oil demand and decline in crude refinery output globally in the first quarter of 2010 based on the Oil M... Hitchings,Monique,A.,... - 《Global Refining》 被引量: 0发表...
VIENNA, Dec. 11 (Xinhua) -- The Organization of the Petroleum Exporting Countries (OPEC) on Wednesday further trimmed its forecasts for global oil demand growth this year and next, marking the organization's downward revision for the fifth consecutive month. In its monthly oil market report for...
In a seminal moment, the International Energy Agency (IEA) has ventured where none have before, foretelling a watershed event: the zenith of global demand for oil, coal, and natural gas looms on the horizon, and it is due to manifest itself before this decade’s end. This remarkable proje...
Global oil demand may peak, forcing oil out as a fuel source.The article focuses on the report titled "The Beginning of the End for Oil?" by Peter Hughes, a director of Arthur D. Little Inc.'s global energy and utilities practice. In the report, Hughes cites three converging drivers ...
for the first three quarters of this year. In addition, OPEC has lowered its forecast for the increase in global daily oil demand from 1.64 million barrels per day in 2025 to 1.54 million barrels per day compared to the previous year. The adjusted annual daily oil demand is expected to be...
International Energy Agency: Global Oil Demand Is Expected To Reach Record Levels in 2023 Feb 02, 2023 According to Dow Jones' news website MarketWatch, the International Energy Agency released a report on the 18th that the economic outlook has improved and international oil prices have fallen, ...
What path does the oil price take for the next 12 months? The price will be determined by the rate of demand decline and the duration of the shutdown. The rate is relatively uncontroversial: a 30% drop in demand for the first month of a country’s virus lockdown, followed by an easi...
Chinese demand on the rise China has become the secondlargest oil consumer in the world, ranking only behind the U.S. However, while the latter saw its oil production more than double in the past decade,oil production in Chinahas remained more or less stable in the period, with an average...