Middle East Economic Survey


No 23


EIA Forecasts Worldwide Liquids Consumption At 107Mn B/D In 2030

The Energy Information Administration (EIA) of the US Department of Energy has predicted that worldwide liquid petroleum consumption will rise 44% between 2006 and 2030, driven by strong long-term economic growth in developing nations. Demand for liquids will rise from 85.0mn b/d in 2006 to 106.6mn b/d in 2030, the EIA said in the International Energy Outlook 2009 (IEO2009),...