IEA cuts 2030 global oil demand forecast

November 10 Paris news, because of the economic crisis cut oil consumption in developed countries, and environmental policies to encourage the use of alternative energy sources, the International Energy Agency (IEA) cut its global oil demand for long-term projections.

The International Energy Agency in its annual World Energy Outlook report says that world oil demand in 2003, before the year is expected to increase by 1%, from 85 million barrels in 2008 to 1.05 million barrels, but that figure was lower than last year, to make Global Day of 2030 required 1.06 million barrels of oil estimates.

The Paris-based International Energy Agency in its latest annual World Energy Outlook report says the global financial crisis and the ensuing economic downturn on prospects for the energy market has brought a significant impact on the world's total energy demand has been with the economic contraction The substantially reduced.

Nov. 11, 2009