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Oil Demand Estimate Cut
Oct 19, Source: Bloomberg
Excerpts:
1. The International Energy Agency (IEA) cut its estimates for the global idea demand for this year and next
2. The main reasons cited are high crude prices and slowing US economic growth
3. World oil demand will be 84.5 million barrels a day this year, about 100,000 barrels fewer than what was estimated last month. The 2007 estimate is 86 million barrels per day.
4. World oil demand is expected to rise 1.2% this year and 1.7% next year. These increases will be driven by China's demand for oil.
5. Demand for OPEC crude oil is estimated 29.5 million barrels a day for 2006.
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algOS - Biodiesel from Algae Open Source
Oilgae - Oil & Biodiesel from Algae provides links, directory, web links resources for algae-based biofuels & biodiesel. Intended to be useful for research, information, inputs, news for buyers, sellers, manufacturers, traders, suppliers, producers, exporters / importers of algal oil and algal fuels. Will provide info on biofuel feedstock, algal feedstocks, algae oil and link details on fuel from algae, bio-fuel, bio-diesel, algal oils & bio-fuels production and uses, biofuels trade & market resources, price data, statistics, prices, demand-supply for buyer, seller, manufacturer, trader, supplier, exporter and producer
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