01 Jun '12, 2pm

Drumbeat: June 1, 2012

Major energy monitoring entities, including the US EIA and the OECD group's energy watchdog the IEA are forced to report that for the developed nation OECD group, and increasingly even for energy outlooks in Emerging economy giants China and India, energy demand is stagnant or falling. For the G20 group, including the largest Emerging economies, demand forecasts are presently set at growth for all types of energy being at most 2% in 2012. For oil, taking account of continuing shrinkage, or at best fractional growth of OECD demand and constantly revised-down demand growth in China and India, the year forecast is now well below 1% growth for global demand and can easily go lower.

Full article: http://www.theoildrum.com/node/9226

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