Administration (EIA) expects world oil consumption to grow by 1.2 million b/d in 2008, the bulk of over 1 million b/d coming from non-OECD countries. It expects OECD consumption to climb by 90,000 b/d. Higher oil prices and slower economic growth have dampened consumption in the US, but available partial data indicate global oil consumption…
MARKETS: US EIA predicts world oil consumption to rise 1.2 million b/d in 2008
Posted on April 20, 2008 by EnergyAsia