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IEA Medium-Term Oil Demand

by pkedrosky on Jul 02, 2008

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iea peak oil demand

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IEA Medium-Term Oil Demand — Presentation Transcript

World Petroleum Congress Demand Developments Oil Industry & Markets Division Madrid, July 1, 2008 © OECD/IEA - 2007 2008
Are “Speculators” to Blame? Price Stock S1 build Investors enter the market: • Price increases from P1 to P2 MEDIUM B A • A stock build (A – B) is necessary TERM P2 to balance the market in D1 Oil P1 Market Report D1 Q1 Quantity © OECD/IEA 2008