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Sunday, January 21, 2018

WORLD OIL DEMAND TO GROW BY 1.87 MBD IN 2001 OR 2.5% UP FROM 2000

According to the IEA August Oil Market Report, world oil demand for next year is forecast to grow by 2.5% over 2000. Half of next year’s growth in demand is expected in the OECD region, non-OECD growth will mainly take place in Asia. IEA has revised their oil demand estimate for this year down by 0.37 mbd to 75.8 mbd, but demand may still grow 2.4% over 1999.

For further market information, please visit the INTERTANKO tanker market