IEA cuts global oil demand for 2009 and 2010

The International Energy Agency (IEA) slashes global oil demand for 2009 and 2010, following questions over the health of the global economy, weaker-than-expected data from Asia and the Middle East, and repercussions from the volcanic ash cloud and the BP Gulf of Mexico oil spill.

volcanoash

The Paris-based IEA has cut global oil demand by 190,000 barrels per day (b/d) for 2009 and 2010. While oil demand has been stronger than anticipated in some Organisation for Economic Co-operation and Development (OECD) areas such as North America, demand has been depressed by weaker-than-expected demand from two non‐OECD regions – Asia and the Middle East.

Global oil demand is now estimated at 84.8 million b/d in 2009 and 86.4 million b/d in 2010. Year-on-year growth for global oil demand

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

CTRM systems 2024: market update and vendor landscape

A Chartis report on commodity trading and risk management systems that considers its different applications and addresses the market and vendor dynamics to determine the long-term and structural impacts of the overarching market evolution on the…

Chartis Energy50 2023

The latest iteration of Chartis' Energy50 2023 ranking and report considers the key issues in today’s energy space, and assesses the vendors operating within it

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here