IEA Raises 2004 Global Oil Demand Estimate, Trims 2005

Jan. 13, 2005
By Agence France-Presse The International Energy Agency on Oct. 12 raised its forecast for global oil demand in 2004 but trimmed its estimate for 2005. In its monthly oil market report for October, the Paris-based organization said it expected global ...
By Agence France-Presse The International Energy Agency on Oct. 12 raised its forecast for global oil demand in 2004 but trimmed its estimate for 2005. In its monthly oil market report for October, the Paris-based organization said it expected global oil demand this year of 82.4 million barrels per day (bpd) compared with the 82.16 million bpd forecast in September, raising its estimate slightly due to stronger-than-expected demand from Asia. But next year it expected global oil demand of 83.9 million bpd, instead of a September forecast of 83.92 million bpd, lowering its estimate due to "expectations of slower economic growth and the impact of high oil prices on demand and the economy." Copyright Agence France-Presse, 2004

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!