Fuel Economy, Hypermiling, EcoModding News and Forum - EcoModder.com - View Single Post - July 2012: US oil demand falls to lowest in 4 years

nemo · 08-18-2012, 09:26 AM

But world demand for crude oil keeps increasing.

“A relatively subdued global oil demand forecast persists for both 2012 and 2013, resulting from the weak economic backdrop,” the report said, with global demand for oil rising just 1 percent with estimated output for 2012 averaging 89.6 million barrels per day (mb/d) and rising to a meager 90.5 mb/d average in 2013.

Source: IEA Cuts 2013 Oil Demand Forecast on Weak Economy - Business News - CNBC

08-18-2012, 09:26 AM	#3 (permalink)
nemo Master EcoModder Join Date: Nov 2010 Location: US Posts: 1,016 Chief - '06 Pontiac Grand Prix 90 day: 26.7 mpg (US) SF1 - '12 Ford Fiesta S 90 day: 30.95 mpg (US) Thanks: 195 Thanked 247 Times in 190 Posts	But world demand for crude oil keeps increasing. “A relatively subdued global oil demand forecast persists for both 2012 and 2013, resulting from the weak economic backdrop,” the report said, with global demand for oil rising just 1 percent with estimated output for 2012 averaging 89.6 million barrels per day (mb/d) and rising to a meager 90.5 mb/d average in 2013. Source: IEA Cuts 2013 Oil Demand Forecast on Weak Economy - Business News - CNBC Last edited by nemo; 08-18-2012 at 09:44 AM..