Global liq­uid-fuel use to grow by 19%: U.S.

The Globe and Mail (BC Edition) - - REPORT ON BUSINESS -

Global use of pe­tro­leum and other liq­uid fu­els will grow by nearly a fifth by 2040, driven by the trans­porta­tion and in­dus­trial sec­tors, the U.S. gov­ern­ment said on Thurs­day.

Con­sump­tion is set to grow from 95 mil­lion bar­rels a day in 2015 to 104 mil­lion b/d in 2030 and 113 mil­lion b/d in 2040, ac­cord­ing to the U.S. En­ergy In­for­ma­tion Ad­min­is­tra­tion’s in­ter­na­tional en­ergy out­look for 2017.

That ref­er­ence case would mean a 19-per-cent in­crease be­tween 2015 to 2040.

Coun­tries out­side of the Or­ga­ni­za­tion for Eco­nomic Co-op­er­a­tion and De­vel­op­ment ac­count for most of the in­crease, with de­mand ris­ing by 1.3 per cent a year, com­pared with a slight de­crease for those in the group.

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