A visual overview of world oil markets

Kay McKeogh, Jose Escay and Sompheap Sem

No 112, Policy Research Working Paper Series from The World Bank

Abstract: Total world demand for oil is expected to increase about 27 percent in the period 1985-2000. Demand in the centrally planned economies should remain constant. Oil consumption in the industrial countries is expected to grow only 19 percent in the same period. But the demand in the developing countries should grow about 50 percent. No other group of countries will experience so great an increase in demand for oil. As a result of"industrialization"shifts from the industrial countries to the developing nations, oil consumption in the industrial sectors of less developed countries has remained predominant over their transportation sectors. This has important ramifications for fuel substitution, efficiency improvements, and other policies.

Keywords: Environmental Economics&Policies; Energy Demand; Oil Refining&Gas Industry; Consumption; Energy and Environment (search for similar items in EconPapers)
Date: 1989-01-31
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