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Oil Demand

April 5, 2019, 2pm PDT
Last month, the Paris-based International Energy Agency released its annual "Global Energy & CO2 Status Report." Energy consumption grew 2.3 percent with fossil fuels accounting for 70 percent on the increase. CO2 emissions jumped 1.7 percent.
The Washington Post
December 7, 2018, 12pm PST
The report from the Global Carbon Project, an international group of scientists who track greenhouse gas emissions, comes as a surprise as emissions had been relatively flat for the last four years. Global emissions this year will increase 2.7%.
The New York Times
October 7, 2018, 5am PDT
A new report from the International Energy Association projects that petrochemicals will be the largest driver of oil consumption, greatly increasing greenhouse gas emissions and offsetting the effect of electric vehicles on oil demand.
Reuters
March 27, 2018, 10am PDT
The International Energy Agency found that China and India were responsible for 40 percent of the increased energy demand. The biggest decrease in carbon dioxide emissions came from the U.S., largely due to increased use of renewables.
International Energy Agency
January 26, 2018, 11am PST
By 2030, the world's consumption of oil will drop due to increasing electric vehicle sales, according to a report by Bank of America. Other researchers disagree on the timeframe. The report is useful for highlighting the term, "peak oil demand."
Bloomberg News
August 3, 2017, 6am PDT
David Yager, an oil industry consultant, writes that recent reports predicting electric vehicles will eventually outsell those with internal combustion engines are vastly exaggerated, notwithstanding national bans on future sales of such cars.
Business Insider
February 22, 2017, 10am PST
So much for the 2015 record of 3.148 trillion miles. Last year saw a cumulative travel increase of 2.8 percent to 3.218 trillion miles, setting a new record as cheap gas contributed to increased driving.
E&E News
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.
Reuters
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.
OPEC Says 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?
Marketplace
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.
The Financial Times
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.
Barrons