Referenced Stocks

Global Oil Demand to Rise 0.9% to o 109.5 Million Barrels Per Day by 2035 – EIA

By International Business Times,  June 26, 2012, 04:23:22 AM EDT

Global demand for liquid-fuel, such as oil, condensates, and natural gas liquids, has been forecast to grow 0.9 per cent between 2010 and 2035, to 109.5 million barrels a day, the US Energy Information Administration said Monday in a published report titled 'Annual Energy Outlook ( AEO ) for 2012.'

The same AEO revealed China's demand for liquid fuels will outrank the US demand, growing by 2.8 per cent per annum and hitting 18.5 million barrels per day in 2035, compared with the US's 0.2 per cent per annum to a total of 20 million barrels per day.

Read More on International Business Times




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: AEO



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