Peak Oil is You
Donate Bitcoins ;-) or Paypal :-)
Page added on January 11, 2009
UAE and Qatar will lead demand for oil in Gulf this year
The UAE and Qatar will lead the 18 million barrels a day growth in oil demand in the Gulf in 2009, energy analysis firm PFC energy said in its latest report.
The Washington-based company said diesel and jet fuel will lead the overall growth in demand for fuel oil in the GCC in 2009.
The growth in demand though 30 per cent lower than the figures in 2007-2008, would come when countries across the world will see a fall in demand.
PFC energy identified three factors that will contribute to the growth in demand for oil in the Gulf: Good performance of aviation industry, easing of credit on the back of government stimulus plans and direct funding of some of the prominent projects by the government.
Leave a Reply