OPEC/SUPPLY DEMAND

EIA Puts 2012 Liquids Consumption At 88.8Mn B/D

The US Energy Information Administration (EIA) said it expects global liquid fuels consumption will increase by 890,000 b/d during 2012 to 88.8mn b/d and rise to 90.1mn b/d in 2013. In its latest Short-Term Energy Outlook, released on 10 April, the EIA said world liquids consumption grew by 790,000 b/d in 2011 to 87.9mn b/d. Non-OECD countries will account for almost all of the world’s consumption growth over the next...