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Growth in global oil demand: Wide range of forecasts for 2015 narrows for 2016


Growth in global oil demand: Wide range of forecasts for 2015 narrows for 2016

Report summary

Wood Mackenzie's Macro Oils Service projects that growth in global oil demand will ramp up significantly during 2015 from the 0.8 million b/d increase seen in 2014. However, the widely cited IEA report is forecasting an even stronger acceleration in global oil demand this year. This has resulted in a large scale difference between the IEA's forecast and those from other agencies. In this Insight, we will attempt to explain the difference between Wood Mackenzie and the IEA.

What's included?

This report includes 1 file(s)

  • Growth in global oil demand: Wide range of forecasts for 2015 narrows for 2016 PDF - 258.06 KB 3 Pages, 0 Tables, 2 Figures

Description

This Oil Markets Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For participants, suppliers and advisors who want to look at the trends, risks and issues of this topic, this report gives you an expert point of view to help inform your decision making.

Wood Mackenzie gives you an informed, independent view on oil prices and the key drivers and trends impacting the oil market. Our highly experienced macro analysts and regional sector teams are based in the key oil producing and consuming regions they analyse, providing detailed field data and demand forecasts driven by country and industry forecasts.

Wood Mackenzie's trusted insight helps you deliver successful growth strategies.

  • Comparison with the IEA for 2015 shows wide discrepancy
  • Comparison for 2016 shows narrowing of differences
  • Economic revisions drive IEA 2016 closer to Macro Oils

In this report there are 2 tables or charts, including:

  • Comparison with the IEA for 2015 shows wide discrepancy
  • Comparison for 2016 shows narrowing of differences
  • Economic revisions drive IEA 2016 closer to Macro Oils
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