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Commodities Briefing - Categorized | Market Moves, Oil more

Global oil consumption to reach 99 mln barrels per day in 2035

Posted on 01 October 2012

Oil industry needs management that ‘has the guts to take risks and invest’. The global energy market is in flux: “We are experiencing a global race for the most important energy raw materials. A race in which former emerging countries such as China and India are now setting the pace,” said Rainer Seele, Chairman of the Board of Executive Directors of Wintershall, at an energy debate hosted by the German Council on Foreign Relations (DGAP) in Berlin.
Seele discussed the current economic and political developments on the raw materials markets for crude oil together with OPEC Secretary General Abdullah Salem El-Badri and Ulrich Benterbusch, Director of the Office of Global Energy Policy at the International Energy Agency (IEA)………………………………………..Full Article: Source

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