Energy Environmental Blog

IEA Oil Demand Forecast

Written by Greg Russell | Jul 1, 2009 11:06:07 AM

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.