Thursday, April 17, 2014

World Supply and Demand of Oil - IEA Report

Please go to page 53 of the report. You will note that oil demand has been increasing in Asia and decreasing in all other parts of the world. In other words, decreasing in OECD countries and increasing in non-OECD countries. Supply has increased in OECD countries and remained stagnant in non-OECD countries.

The World Bank Global pump price for gasoline (US$ per liter) is shown in the attached report. Obviously you can draw a myriad of conclusions from both reports.

Thank you,
Joseph Pede

No comments: