VOL. XLVII

No 17

26-April-2004

SUPPLY/DEMAND

EIA Envisages Oil Demand Growth Of 1.9% A Year To 2025

The Energy Information Administration (EIA) of the US Department of Energy predicts that global energy consumption will increase by 54% from 2001 to 2025, with oil remaining the predominant energy source. In the International Energy Outlook 2004, published on 14 April, the EIA says that in its reference projection, World oil demand increases by 1.9% annually over the 24-year projection period, from...