WORLD OIL DEMAND 2014 - 15
World Oil Demand
In 2014, world oil demand was relatively unchanged from the previous MOMR; total world oil demand growth for 2014 now stands at 1.13 mb/d after a marginal downward revision of 10 tb/d, accounting for the latest actual data for 2Q14.
In 2015, world oil demand is projected to grow at a higher rate than in 2014, growing by 1.21 mb/d from the 2014 level to average around 92.35 mb/d. The 2015 growth level of 1.21 mb/d signifies a 0.08 mb/d increase from the growth foreseen for this year. Non-OECD countries are likely to lead oil demand growth with 1.18 mb/d in total demand while OECD nations are predicted to marginally rise for the first time since 2010, recording growth of 35 tb/d. The progress of economic development in major economies around the globe is the key risk factor affecting the world oil demand projection in 2015.
|November, 16, 10:10:00|
|November, 16, 10:00:00|
|November, 16, 09:55:00|
|November, 16, 09:50:00|
|November, 16, 09:45:00|
|November, 16, 09:40:00|
PLATTS - Asia is a growing market for Russian energy, including LNG, and a potential source of investment for the world's largest producer of resources and minerals. The Kremlin has increasingly looked to build its presence in the Asian region following the imposition of tough sanctions by the US on Russia.
REUTERS - “The Saudis are very angry at Trump. They don’t trust him any more and feel very strongly about a cut. They had no heads-up about the waivers,” said one senior source briefed on Saudi energy policies.
PLATTS - "It is obvious that we need to cooperate with Saudi Arabia, and we are going to cooperate with Saudi Arabia. OPEC plus has been very positive, and we see that in the market situation," Putin told reporters in Singapore during a briefing broadcast on Russia 24.
U.S. OFR - The U.S. Office of Financial Research (OFR) released its 2018 Annual Report to Congress, stating that risks to U.S. financial stability remain in the medium range, reflecting a mix of high, moderate, and low risks to the financial system.