Global oil demand to slump

In its latest Short-term Energy Outlook, released this week, the EIA said the current global slowdown would be more severe and would last longer than previously expected. As a result, it expects oil demand to fall by 50,000 barrels per day (bbl/d) in 2008 and by 450,000 bbl/d in 2009, the first consecutive two-year fall in world consumption for 30 years.

The report stated: "The status of the global economy has become the most important driver of oil consumption growth and EIA's oil consumption

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here