42% of increased oil demand to come from N America– IEA

Some 42% or 0.49 mbd of the increase in oil demand in 2003 is expected to come from North America, mainly the US. The other main increases in demand are expected in the Pacific area (0.16 mbd), other Asia (0.15 mbd), Middle East (0.12 mbd) and China (0.15 mbd). Total demand is expected to increase by 1.16 mbd or 1.5% in 2003 according to IEA.

A full overview can be seen here.

Contact: Erik Ranheim or Jan Svenne