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Modest Uptick in Demand Growth Forecast With growth of 1.3 mb/d projected in 2014

Modest Uptick in Demand Growth Forecast With growth of 1.3 mb/d projected in 2014. Global oil demand is forecast to rise by approximately 1.3 mb/d, to 92.8 mb/d, a modest acceleration on 2013’s 1.2 mb/d gain Non-OECD completely dominates, up 1.4 mb/d in 2014 ….

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Modest Uptick in Demand Growth Forecast With growth of 1.3 mb/d projected in 2014

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  1. Modest Uptick in Demand Growth ForecastWith growth of 1.3 mb/d projected in 2014 • Global oil demand is forecast to rise by approximately 1.3 mb/d, to 92.8 mb/d, a modest acceleration on 2013’s 1.2 mb/d gain • Non-OECD completely dominates, up 1.4 mb/d in 2014 • …

  2. Ongoing economic ailments in Europe are keeping oil deliveries somewhat suppressed • OECD European deliveries down 1.2% y-o-y in 1Q14, to 13.1 mb/d

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