Rising Crude Oil Demand

Global demand for crude oil has grown significantly over the past 25 years. According to figures from the American Energy Information Administration (EIA), global oil demand is forecast to continue to rise to around 100 million barrels per day in 2030, under a low economic growth scenario.

 

Two thirds of the projected increase in consumption is expected to come from increased fuel use in the transportation sector, by both commercial and passenger vehicles.

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