Oil Supply / Demand

dan_s · Post by **dan_s** » Fri Sep 20, 2013 1:38 pm

The IEA now says demand for oil (crude oil and NGLs) will top 92 million bbls per day in 2014.

Global production was 86,941,700 bbls per day in 2012.

See: http://www.eia.gov/cfapps/ipdbproject/i ... &unit=TBPD

Supply / Demand will be very tight in early 2014. There will be the normal seasonal decline in demand Q2 2014 then demand will ramp up to over 93 million bbls per day during the 2nd half of 2014.