October 20, 2015, 11am PDT
It's the best of both worlds for OPEC as cheap oil prices increase demand while high-cost rival oil producers are forced to close down wells according to an OPEC study released Oct. 12. And it was all planned.
February 12, 2015, 5am PST
An IEA report suggests that oil prices have bottomed-out, are now on the rebound, and that demand for OPEC's oil will start rising next year. OPEC predicts that U.S. oil consumption will increase after years of decline, thanks to U.S. motorists.
January 25, 2014, 11am PST
Last year, the U.S. increased oil consumption by two percent, surpassing the increase in China for the first time in more than a decade according to a new IEA report. How does this increase square with peak car, peak VMT, and peak oil consumption?
December 16, 2013, 8am PST
With driving and oil consumption declining across many developed countries due to long-term structural shifts, Nick Butler sees reason to believe the world will soon reach peak oil demand.
September 8, 2009, 1pm PDT
For political, technological, and even demographic as well as economic reasons, don't expect American oil consumption to increase over 2007 levels. $3 gas is here to stay, and the days of the petrol-gulping SUVs and guzzlers may be numbered.