Middle East Economic Survey

VOL. XLVII

No 47

22-November-2004

SUPPLY/DEMAND

ExxonMobils Raymond Outlines Asian Energy Demand Prospects

Global average annual economic growth of just under 3% will see energy demand rise by the equivalent of 100mn b/d by 2030, according to ExxonMobil forecasts. Speaking in Hong Kong on 4 November, company Chairman and CEO Lee Raymond said that due to accelerating energy efficiency, energy use would grow at around 2% annually over the same period, with the combined oil...