No 49



EIA Predicts Oil Demand Will Exceed 123Mn B/D By 2025

Global oil demand will grow to 123.2mn b/d by 2025 from 76.0mn b/d in 2001, according to the Energy Information Administration (EIA) of the US Department of Energy. In its Annual Energy Outlook 2003 (AEO2003) report, published on 20 November, the EIA adds that demand is expected to reach 112.0mn b/d in 2020, less than the 118.9mn b/d predicted in AEO2002, which looked 20 years ahead (MEES, 26...