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Energy Information Administration


U.S. Department of Energy
Washington, DC 20585

May 16, 1996

EIA Forecasts World Oil Demand of 99 Million Barrels per Day in 2015, Adequate Supplies to Meet 50 Percent Growth in Total Energy Demand

Continued growth in world oil consumption, from 69 to 99 million barrels per day, will help drive a 50-percent increase in world energy demand over the next 20 years, according to a report released today by the Energy Information Administration (EIA). The International Energy Outlook 1996 projects sufficient oil supply to meet anticipated growth in demand with a moderate rise in world prices.

Despite the projected increase in demand for oil, its share of world energy consumption is expected to shrink slightly over the forecast period. Demand for natural gas is expected to grow faster than any other fuel. The natural gas share of total world energy consumption is expected to increase by 3 percentage points over the projection period, to 25 percent by 2015.

The Outlook's demand projections are substantially increased over last year's projections. Total world energy consumption is projected to reach 495 quadrillion British thermal units (Btu) by 2010, about 5 percent higher than projections from the 1995 report. The increase reflects stronger expectations for economic growth in developing nations which propel increased use of energy for electric power generation and for personal transportation. Electricity demand is projected to nearly double over the forecast period (particularly in the newly emerging Asian economies).

Forecast highlights include:

The report may be accessed electronically from EIA's FTP Server on the Internet by connecting to and after May 21st by connecting to Copies of International Energy Outlook 1996 are available from the U.S. Government Printing Office, 202/512-1800, or through EIA's National Energy Information Center (NEIC), Room IF-048, Forrestal Building, Washington DC 20585, 202/586-8800.


EIA Program Contact: Mary Hutzler, 202/586-2222

EIA Press Contact: Thomas Welch, (202) 586-1178

DOE News Media Contact: Joanna Stancil, 202/586-5806


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File Last Modified: May 16, 1996


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