The International Energy Agency lowered its global crude oil demand forecast for the next five years because of sluggish economic growth, according to this article in the NYT. Notably, the IEA believes that demand for crude oil will decline in 2010 for a second consecutive year, something that hasn't happened since the early 1980s.
Tags: Energy
You can expect to find news and breaking legal developments involving the crude oil and natural gas industries, alternative and renewable energy resources, and the latest environmental issues.
Vorys, Sater, Seymour and Pease LLP provides business and legal counsel to clients throughout the United States and around the world. Since its founding in 1909, our firm has grown into one of the largest law firms in the country, with nearly 375 attorneys who are located in 10 offices in Ohio, Washington, D.C., Texas, Pennsylvania, California, London and Berlin.
© 2021, Vorys, Sater, Seymour and Pease LLP. All Rights Reserved.
