|
World oil demand 'to rise by 37%' |
| Home | (BBC) - World demand for oil is set to increase 37% by 2030, according to the US-based Energy Information Administration's (EIA) annual report. Demand will hit 118 million barrels per day (bpd) from today's existing 86 million barrels, driven in large part by transport needs, the EIA said. But oil cartel Opec's supply share will fall from 39.7% to 38.4% as West Africa and the Caspian increase production. |