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Commodities Briefing - Categorized | Energy, Market Pulse, Oil more

No country today can fully be energy independent

Posted on 03 January 2013

In OPEC’s recent World Oil Outlook, published in November 2012, over the period 2010-2035 primary energy demand in the reference case increases by 54 per cent. In terms of oil, demand increases by over 20 mbd for the period 2010-2035, reaching 107.3 mbd by 2035. The region of developing Asia is expected to contribute 87 per cent of this increase.
Allow me to highlight a few other numbers from the World Oil Outlook. In terms of the Middle East and the Asia Pacific regions, crude oil exports from the former to the latter are expected to increase by six mbd between 2011 and 2035………………………………………..Full Article: Source


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VRS - who has written 36685 posts on Opalesque Commodities Briefing.


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