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EIA Forecasts Global Oil Demand Near 118Mn B/D By 2025

Global oil demand will rise from almost 78mn b/d in 2002 to nearly 118mn b/d in 2025, according to the Energy Information Administration (EIA) of the US Department of Energy. In the Annual Energy Outlook 2004 (AEO2004) forecast, published in outline on 16 December 2003 and due to be published in full in January 2004, the EIA predicts: Growth in production in both OPEC and non-OPEC nations leads to...