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Posted September 11, 2014Today in Energy

Despite decline in some regions, world oil consumption still seen rising ›

The largest potential for growth in demand for liquid fuels lies in the emerging economies of China, India, and countries in the Middle East, according to EIA's recently released International Energy Outlook 2014. In the Reference case projection, world liquid fuels consumption increases 38% from 87 million barrels per day (MMbbl/d) in 2010 to 119 MMbbl/d in 2040. China, India, and other developing countries in Asia account for 72% of the net world increase in liquid fuels consumption, with Middle East consumers accounting for another 13%. Most liquid fuel demand is for industrial uses and transportation. More

Source: EIA, International Energy Outlook 2014


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Data Highlights

WTI crude oil futures price

9/10/2014: $91.67/bbl

down$3.87 from week earlier
down$15.72 from year earlier

Natural gas futures price

9/10/2014: $3.954/mmBtu

up$0.107 from week earlier
up$0.370 from year earlier

Weekly coal production

9/6/2014: 19.153 million tons

down0.064 million tons from week earlier
down0.536 million tons from year earlier

Natural gas inventories

9/5/2014: 2,801 Bcf

up92 Bcf from week earlier
down443 Bcf from year earlier

Crude oil inventories

9/5/2014: 358.6 mmbbl

down1.0 mmbbl from week earlier
down1.4 mmbbl from year earlier


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