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Page added on February 18, 2023

IEA Raises Global Oil Demand Forecast Again

The International Energy Agency raised its forecast for global crude oil demand for 2023 in its Oil Market Report for February. Citing the re-opening of China’s economy as the main driver of rising demand, IEA analysts raised the 2023 forecast to 101.9 million barrels per day (bpd), an increase of 200,000 bpd from the agency’s January report.

This latest in a series of increases raises the projection for 2023 to 2 million bpd above the 2022 number, a clear admission that the world’s appetite for crude continues to grow despite efforts by mainly western governments to subsidize a transition away from fossil fuels into existence. As that appetite grows, some other recent developments in the oil markets raise the potential for a supply shortage developing in the coming months, as the IEA notes in its report.

“Nearly a year on from Russia’s invasion of Ukraine, global oil markets are trading in relative calm,” the report says, “Oil prices are back to pre-war levels with the exception of diesel, though even these have drifted much lower from last summer’s historical highs. World oil supply looks set to exceed demand through the first half of 2023, but the balance could quickly shift to deficit as demand recovers and some Russian output is shut in.”

As I noted last week, Russia announced it would cut its crude exports by 500,000 bpd beginning March 1, an apparent admission that sanctions implemented by the G7 and cooperating nations are having their intended impact. A cut of that magnitude would essentially offset the U.S. Energy Information Administration’s (EIA) projected rise in U.S. crude production during 2023, negating hopes that the U.S. industry’s contribution to growth would help keep the markets in balance.

IEA’s latest demand estimate also comes on the heels of another month in which the member nations of the OPEC+ cartel once again significantly under-produced their stated targets. As shown in the chart compiled by Bison Interests below, the group under-shot targets for January by 1.79 mmbopd.

forbes

59 Comments on "IEA Raises Global Oil Demand Forecast Again"

makati1 on Sat, 18th Feb 2023 3:24 pm

Of course demand will rise. The West wants to continue to waste and the rest of the world wants to grow. A waste of time to read the capitalist ads by Forbes.

Helen Hadsell on Sat, 18th Feb 2023 5:55 pm

I currently live in Germany, and the price of oil is even lower than it was before the Russian invasion.

makati1 on Sat, 18th Feb 2023 9:22 pm

Be patient Helen. This is far from over.

theluckycountry on Wed, 1st Mar 2023 5:01 pm

Germany Gasoline prices, 27-Feb-2023
$US 7 a GALLON

Wow! I wonder what they were paying before the invasion? But then before the invasion there was no austerity in Germany, supply and demand I’d expect. Germany has a population of over 80 million, if a 5 million people stop taking Sunday drives and curtail their shopping trips from 2 to 1 a week then demand drops and so does price.

Either way if I was living beside a hornets nest and the leaders of my country were constantly poking it with a stick I think gas prices would be the last thing on my mind. Sometimes I think Germany has a death-wish. How many times do they want to be annihilated?

MessageToUrsualVonDerLeyer on Wed, 1st Mar 2023 6:48 pm

This is a message from the Quebecer writing comments on peakoil.com

German economist says talks of decoupling with China a ‘big mistake’

https://www.youtube.com/watch?v=p3OnpKOnxw0

Here we have a German economist that is pushing Germany to transfer the Germany manufacturing to China and kill Germany economy. We have this typical globalist loser everywhere that believe that the natural resource are endless. He still believe that earth is full of natural resource. These are the people that have killed planet earth.

This is how dictators come into power, it is because of people like him. At one point the situation will become so desperate that some people that has no connection to the power structure of earth ( no connection to banking, no political connection) get pushed into position of power to solve problems created by this loser.

Like I said maybe it is time for China to become the guardian and enforcer of globalism and for North America to isolate themselves from the mental asylum that is Europe, UK, Israel, Japan, South Korea.

I cannot believe that number of mentally retarted people that are governing Europe. At this point the safest thing to do is isolate oneself from this madness. It it matter of survival to disconnect from international globalism.

eee e e on Wed, 1st Mar 2023 6:53 pm

There is different way to win a war. Sometime you can use the stupidity of people to actually genocide them without having to build an army or fire on bullet.

It seem that the nations that will isolate them self from the rest of the world will inherits the world. Just let the world kill themselves.

Use stupidity of people against them.

ee eee on Wed, 1st Mar 2023 7:52 pm

You have to look at USA and Canada and wonder if there are not self-sabotaging themselves in order to install an authoritarian leader.

https://www.youtube.com/watch?v=BX8Zpselq8Y

I guess if this is the case, Europe, UK, Japan, South Korean will have to assume the role of guardian and enforcer of globalism and come with a new reference currency as the US abandon its role of global police.

eee on Wed, 1st Mar 2023 9:21 pm

I see the message below to the email address [email protected] that is the email address PM Lee of Singapore

Look at the video below what do you see, an human or an insect. I see the face of an insect.

https://www.youtube.com/watch?v=hx4gc5JtDaI

———————
Are you a human or an insect, PM Lee of Singapore ?

When I look at your face, PM Lee of Singapore , I see the face of an insect. Do you have red blood like an human, or brown blood like an insect.

I am pretty sure you are an insect, PM Lee of Singapore. I know it is illegal to kill an human, in Singapore, is it illegal to kill an insect like you , PM Lee of Singapore ?

If it is not illegal to kill an insect, PM Lee of Singapore. I would gladly kill you with knife, PM Lee of Singapore ?

ee e on Wed, 1st Mar 2023 9:33 pm

Look at Lawrence Wong of Singapore
https://www.youtube.com/watch?v=1ylvov7GKXs

What are you Lawrence Wong of Singapore, an human or an insect

I think you have the face of an insect, Lawrence Wong of Singapore, same insect face as ,PM Lee of Singapore.

Is earth your native planet, or are you invaders coming from another dimension.

eee e on Wed, 1st Mar 2023 9:55 pm

I am the sovereign leader of earth energetic reality , and insects, Jews are not welcomed here on my territory.

www w on Wed, 1st Mar 2023 10:10 pm

36:31 another insect face with red bleeding facial skin cancer. You are not supposed to be here in my reality. You will be executed and made an example for all to see.

https://www.youtube.com/watch?v=cPyG69dGy8I

eee on Wed, 1st Mar 2023 10:18 pm

I am so piss that I had to leave my GODLY body to came here as an insect to deal with you and execute you.

I hate this fucking insect body. I had to leave a perfect body to come here and deal with you and the situation

eee e on Wed, 1st Mar 2023 10:33 pm

Dr S Jaishankar

https://www.youtube.com/watch?v=ZX3ylSwOk3I

Another insect that has no reason to be here. You will dealt with, like all of you insects.

eee on Wed, 1st Mar 2023 10:37 pm

Two more insects that will be executed. I am so piss off that I had to halved myself into two part and come down here to deal with you into an insect body.

https://www.youtube.com/watch?v=sYSxtkxnv0w

eee on Wed, 1st Mar 2023 11:07 pm

I resent the fact that I had to create an execution and torture chamber called earth. And then come down here in my own execution chamber that I created to make sure that you will all be executed properly and forever.

I still cannot believe how easily we were able to convince insects that earth is a paradise when in fact it is an execution chamber

eee on Wed, 1st Mar 2023 11:12 pm

On top of that we had to create a false narrative to attract you into earth reality.

The reality goes backward in time. The reality was create with an already existing narrative, including WW1 and WW2.

Who do yo think gave you the blue print of the human body and the who do you think gave you that law of thermodynamics, conservation, molecular chemistry. It is us.

ee e e on Wed, 1st Mar 2023 11:17 pm

Why do you think we are able to give you long neck, red faces and so much more body modifications. Because we created you.

Who fill up all the medicine books with picture of human and animal body anatomy. It is us.

Who gave you the equation of conservation of mass, energy, various electricity mathematical laws. It is us. You did not discover anything. We included this knowledge in the narrative of the reality. You are just fucking losers.

eeee on Wed, 1st Mar 2023 11:27 pm

Who do you think gave the financial theory based on an exponential function that eventually will lead to a financial collapse and total destruction. We did. Who created earth with a finite amount of natural resources. We did. These were already included in earth narrative at the start of the reality. The reality goes backward in time using the mechanism of entropic decay.

We wanted to make sure that earth reality had a shot life span. We don’t to lose more time then needed to execute who and make an example of you.

eee on Wed, 1st Mar 2023 11:35 pm

Who do you think create these piece of shit clothing, that the Arab, India are wearing we did. If was already included in the narrative when we started the reality.

https://www.youtube.com/watch?v=uotAo8-noCw

eeee on Wed, 1st Mar 2023 11:42 pm

Who do you think created the periodic table with a limited amount of element capable of transporting electrical current like copper and aluminum. We did. We made a small periodic table with a limited amount of element in it to make you life more miserable. We could have put more periodic element in the table that would allow space travel but we did not. We wanted a reality with a shot life span.

You are just pathetic piece of shit losers.

ee on Wed, 1st Mar 2023 11:47 pm

Who do you think gave you the semiconductor and the internet, the computer. We did.

You did not discover anything. You did invent anything. We gave to you because we knew you were too stupid to build or invent anything.

eee on Wed, 1st Mar 2023 11:50 pm

Imagine how much we were laughing when we learn that Singaporean were proud to drink sewage water. Imagine how hard we were laughing at you

eee on Wed, 1st Mar 2023 11:55 pm

Imagine how hard we were laughing at you when you started the Ukraine war. We thought, this will accelerate the depletion of natural resources and finish the job faster.

Can you do anything right. No you cannot you are too stupid and primitive to make the right decision.

https://www.youtube.com/watch?v=0I-P2TWu-eA

ee e on Thu, 2nd Mar 2023 12:08 am

We gave a pathetic periodic table of 103 elements and a shit earth with a fake space.

We could have gave you a periodic table of a 1000 elements that would allow space and underwater travel. We could have gave you a real space to go with the 1000 periodic element table, but we did not. We want you dead forever.

eee on Thu, 2nd Mar 2023 12:12 am

We could have gave you a better body, faster healing, stronger body, longer lifespan but we did not. We gave you a useless body no good for anything.

You don’t deserve a quality body, you are too mediocre for a quality body.

I h

eee on Thu, 2nd Mar 2023 12:17 am

You are basically worshipping an useless body no good for anything with a shot lifespan. It makes us laugh how much you worship such a useless low quality body.

Imagine what you could do with a high quality body: longer life span, faster reflexes, stronger muscle, faster healing, no need for food or water.

No we gave you a crap body, because mediocre people deserver mediocrity.

eee on Thu, 2nd Mar 2023 12:49 am

We gave you an earth full shit and piss. Shit and piss coming from animal, fishes and human. Your ocean are basically water fill with shit and piss coming from aquatic wildlife.

You find a way to worship earth that is basically a ball of shit and piss. You are supposed to hate earth, you are not supposed to worship it.

ee on Thu, 2nd Mar 2023 1:00 am

Who wrote all these comments, me or GOD speaking through me. I wonder myself.

theluckycountry on Thu, 2nd Mar 2023 2:29 am

Off the meds again ee lol lol. Fucking Americans, degenerate White stock.

eee on Thu, 2nd Mar 2023 7:40 am

You wants to see more insects in planets on my reality like PM Lee of Singapore, Lawrence Wong of Singapore. I present you

Lori LightFoot

https://www.youtube.com/watch?v=gs3E9cMgdak

Still having doubts about earth being invaded by a insects like specie coming from another dimesion

eeee on Thu, 2nd Mar 2023 8:13 am

I had an telepathic discussion last while in bed about saving the knowledge of earth:
chemistry, physics, mathematics, electricity.

Yes I communicate telepathically with the world that is not made of flesh bodies.

You usually when you have this kind of discussion it means that earth will be destroyed really soon. Water vapor in the air is turning into snow and deposit itself in the form of snow and ice on the artic and Antarctic.

This is why we are losing water, water is transformed in snow there leaving less liquid water available for earth.

https://www.youtube.com/watch?v=HzzDAiYw-hM

eeee on Thu, 2nd Mar 2023 8:18 am

I had an telepathic discussion last night while in bed about saving the knowledge of earth: chemistry, physics, mathematics, electricity.

Yes I can communicate telepathically with the world of GODS that is not made of flesh bodies.

You know that usually when you have these kinds of discussion that earth will be destroyed really soon. Water vapor in the air is turning into snow and deposit itself in the form of snow and ice on the artic and Antarctic. Global cooling is responsible for the lack of liquid water. not global warning.

This is why we are losing water, water is transformed in snow leaving less liquid water available for earth.

https://www.youtube.com/watch?v=HzzDAiYw-hM

GOD and I simply dislike insects and they have no place in earth reality.

eee on Thu, 2nd Mar 2023 8:20 am

Singapore is a infested nest of insects from another dimension. Here is a news cast coming from Singapore. She has an insect like face.

https://www.youtube.com/watch?v=ymwLP1Pmz9U

eee on Thu, 2nd Mar 2023 8:30 am

There is no real human on earth, only insect. The so called human body, is actually the body of an insect. Why do you think they are talking all the time about humans rights. Because they are not human and want to have the same priviliges as real humans.

The insect body is physically weak, require a lot of maintenance, think of hair cutting, shaving. The insect body is a low quality body.

Imagine a high quality body where no clothing is required, fast healing, strong muscle, long lifespan, required no sleeping. Imagine what you can accomplish with a high quality body.

eee on Thu, 2nd Mar 2023 8:46 am

Remember the earth clock is backward in time. Earth will decompose itself in lower energetic blocks. Earth is devolving not evolving

eee e on Thu, 2nd Mar 2023 9:17 am

You want to see another insect, Pierre Poilievre. Typical insect face.

https://www.youtube.com/watch?v=20JaF-0_IZw

ee e e on Thu, 2nd Mar 2023 9:28 am

You want to see more insects: Satya Nadella of Microsoft and Sundar Pichai of google. Do you need more proff that earth is infested with ugly low IQ insect.

https://www.youtube.com/watch?v=UNbyT7wPwk4

https://www.youtube.com/watch?v=X7vVP7F3-wM

eeee on Thu, 2nd Mar 2023 9:51 am

Notice also that Obama has the facial feature of an insect. HE never provided a birth certificate and he said that he was adopted by his father living Indonesia.

https://thumbs.dreamstime.com/z/singapore-political-map-island-capital-national-borders-important-cities-english-labeling-scaling-63512002.jpg

Funny how Indonesia is a nation south of Singapore. It is pretty obvious that Singapore is an infested insects nest. Starting to connect the dot here.

https://www.youtube.com/watch?v=YJzLC-AAWHw

eee on Thu, 2nd Mar 2023 10:10 am

Are you starting to connect the dots. Why do you think they invented racism and anti-Semitism, still heavily pushed by the jews and Israel. Do you understand why I want a full trade embargo on Israel and Blinken and his family executed.

They need to control the white Nordic race that is superior to them in every ways. They have been planning a world wide genocide of the White Nordic in an attempt to take control of earth reality.

Notice also that Obama has the facial feature of an insect. HE never provided a birth certificate and he said that he was adopted by his father living Indonesia.

https://thumbs.dreamstime.com/z/singapore-political-map-island-capital-national-borders-important-cities-english-labeling-scaling-63512002.jpg

Funny how Indonesia is a nation south of Singapore. It is pretty obvious that Singapore is an infested insects nest. Starting to connect the dot here.

https://www.youtube.com/watch?v=YJzLC-AAWHw

eeee on Thu, 2nd Mar 2023 10:12 am

You understand now why GOD and I are committed to destroy earth.

Video shows fiery explosion during deadly blaze in Buffalo, New York

https://www.youtube.com/watch?v=UNlZErfTVNk

eee on Thu, 2nd Mar 2023 10:22 am

Notice also that you never see Jews doing heavy manual labor, like car mechanics, welding, house framing. Because they are an inferior race that cannot survive on their own. They are the parasite kill the US.

i appoint supertard with irregular names such as eeee supertard his title is the lover of supremacist muzzies Sweden: supremacist muzzies screaming ‘Allahu akbar’ stabs 10-year-old girl in the stomach, cops say motive unclear on Thu, 2nd Mar 2023 10:50 am