World Demand For Oil Projected To Rise To 112Mn B/D By 2020,Says EIA
Global demand for oil is projected to rise from 75mn b/d in1998 to 112.4mn b/d in 2020, according to the US Energy InformationAdministration痴 Annual Energy Outlook 2000 (AEO2000). The EIA releaseda summary of its annual report last week. The complete analysis will beavailable on 17 December.
The EIA predicts that the price of crude oil will risemoderately from $12.10/B in 1998 to $22.04/B by...