Global oil demand in 2014 will top previous forecasts, with U.S. consumption rebounding to its strongest level in five years, the International Energy Agency (IEA) announced today. The IEA estimated in its monthly oil market report that demand will rise by 1.2 million barrels a day, or 1.3 percent, to 92.4 million a day next year. That projected demand is up from last month by 240,000 a day. U.S. fuel use rose above 20 million barrels a day in November for the first time since 2008, according IEA’s preliminary data. While the agency boosted its forecast for the crude volume OPEC will need to supply, “making room” for the potential return of Iranian exports “could be a challenge for other producers” in the group, IEA concluded. Brent crude futures have slipped 1.4 percent this year, trading at about $110 a barrel in London today amid reduced fuel use and fading concern that tensions with Iran will spark a conflict and disrupt Middle Eastern crude exports. A “reasonably robust recovery” and lower gasoline prices in the United States are helping stoke demand in the world’s largest oil user, the IEA said. Indeed, oil product inventories in the most industrialized economies have “plummeted” as demand in these nations expanded in the second quarter after eight consecutive quarterly declines, the Paris-based adviser to energy-consuming nations said. Stockpiles of crude and refined products dipped to 2.7 billion barrels in October, or 19.7 million less than their five-year average.
Like This Article? Now Get a FREE Special Report: 3 Dividend Plays with Sky-High Returns
This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.
Named one of the “Top 20 Living Economists,” Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.
A former Wall Street financial advisor with three decades’ experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.
Product Details
Cash Machine
Premium Income PRO (exclusively for subscribers of Cash Machine)
Jim Woods has over 20 years of experience in the markets from working as a stockbroker, financial journalist, and money manager. As well as a book author and regular contributor to numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Generational Wealth Strategies is a unique advisory service dedicated to helping people increase their retirement prosperity while also protecting and passing on more of their accumulated wealth.
Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.
Product Details
Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.
George Gilder is the most knowledgeable man in America when it comes to the future of technology and its impact on our lives. He’s an established investor, bestselling author, and economist with an uncanny ability to foresee how new breakthroughs will play out, years in advance.
DayTradeSPY was founded by head trader Hugh Grossman, a retired internal auditor for a Fortune 500 company. After years of first-hand experience trying out one trading strategy after another, Hugh instead developed his own trading system centered around day trading SPY options. That’s it… Nothing else.
