Would you like to start a free subscription?
Remember me | Forgot password
For full content view: Log in Now!
Demand to resume growth in second quarter. The International Energy Agency (IEA) stated in its monthly Oil Market Report that global oil demand is expected to continue growing in second-quarter 2002. This forecast comes despite a sharper-than-predicted decline of about 680,000 bopd in the first quarter. The positive forecast on second-quarter demand is spurred by the recovering, global economy and strong demand from power generators in parts of Western Europe. The agency’s report also mentioned that rising prices pose a downside risk to demand forecasts. Partly responsible for the higher prices is the geopolitical risk premium that has been factored into the price, thus muting initial market response to events, such as Venezuelan unrest and the Middle East crisis.
This area of the site is restricted.
In order to gain access, please either Log
In, or subscribe to World Oil.
Two options are available to you for creating an account.
1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.
Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.
2. Purchase a subscription to World Oil magazine and gain immediate
and complete access to World Oil Online. As a Total Access subscriber
you will have access to all areas of the site available to registered users and
free subscribers as well as having access to such premium content areas as:
Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.
If you are already a paid subscriber and do not have access, please email CustomerService@worldoil.com.
World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.
Kuala Lumpur - March 25-28
The Woodlands, TX - April 1-3
Houston, TX - April 6-9
All material subject to strictly enforced copyright laws.
© 2014 World Oil. © 2014 Gulf Publishing Company.