IEA: World oil demand to reach 89 million b/d by 2014

摘要

The latest forecast by the International Energy Agency states that global oil demand will rise 0.6%/year during 2008-2014, pushing demand to average 89 million b/d in 2014 from 85.8 million b/d last year. IEA expects that oil demand in North America will decline to average 23.7 million b/din 2014 from 24.3 million b/din 2008. IEA's forecast calls for oil-product demand in OECD Europe -- led by France, Germany the UK, Spain, and Italy -- to decline 1.3%/year to average 14.1 million b/d in 2014. Demand will rise for jet fuel, decline for naphtha, gasoline, and fuel oil, and be unchanged for gas oil. IEA forecasts that oil product demand in the Middle East will grow 4.3%/year on average to reach 8.9 million b/d in 2014, up from 7 million b/d in 2008. IEA sees non-OPEC oil supply slipping by a net 400,000 b/d by 2014 from 2008. In its previous projection, the agency forecast 6-year growth of 1.5 million bid for these producers.