NewEnergyNews More: IEA PREDICTS LESS OIL DEMAND

Every day is Earthday.

Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

email: herman@NewEnergyNews.net

-------------------

Your intrepid reporter

-------------------

    A tip of the NewEnergyNews cap to Phillip Garcia for crucial assistance in the design implementation of this site. Thanks, Phillip.

-------------------

Pay a visit to the HARRY BOYKOFF page at Basketball Reference, sponsored by NewEnergyNews and Oil In Their Blood.

  • ---------------

    • Saturday, April 11, 2009

    IEA PREDICTS LESS OIL DEMAND

    IEA lowers again its forecast for global oil demand
    Polya Lesova, April 10, 2009 (MarketWatch)

    "The International Energy Agency once again revised lower its forecast for 2009 global oil demand, saying that global appetite for oil will shrink at a pace close to levels last seen in the early 1980s.

    "The Paris-based IEA… is cutting its demand projection by 1 million barrels a day after a reassessment of GDP assumptions and much lower-than-expected first-quarter demand data."

    click to enlarge

    "After the latest revision, global demand this year is now forecast at 83.4 million barrels a day, which is 2.4 million barrels a day below the 2008 level…

    click to enlarge

    "In the early 1980s, the United States suffered a severe recession. This year, the world economy is expected to contract by 1.4%, according to the IEA.

    "Oil prices are currently trading near $50 a barrel as more bullish sentiment dominated the global markets in late March and early April…"

    posted by Herman K. Trabish @ 7:17 AM

    0 Comments:

    Post a Comment

    Note: Only a member of this blog may post a comment.

    << Home