John Hemming's Web Log John's Reference Website
Sunday, April 22, 2012
  Some figures on OECD oil demand
2006 - 49.58
2007 - 49.17
2008 - 47.54
2009 - 45.64
2010 - 46.17
2011 - 45.62

Forecast 2012 45.24

These are sourced from the 2008 Oil Market Report and the April 2012 OMR. The 2008 figure, therefore, may now have been slightly changed. The figures are in millions of barrels of oil per day. In other words OECD demand appears to have peaked. A big question about oil is that of elasticity of demand with price. However, from a Gross Value Added perspective clearly any economic growth would also require a reduction in the crude oil specific energy intensity.
 
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