March 2014

Trends and Resources

HP Industry Metrics

According to the US Energy Information Administration’s Short-Term Energy Outlook February 2014, forecast global petroleum and other liquids supply will increase by 1.7 million bpd (MMbpd) in 201..

Romanow, Stephany, Hydrocarbon Processing Staff

According to the US Energy Information Administration’s Short-Term Energy Outlook February 2014, forecast global petroleum and other liquids supply will increase by 1.7 million bpd (MMbpd) in 2014 and 1.4 MMbpd in 2015, with most of the growth coming from countries outside of the Organization of the Petroleum Exporting Countries (OPEC). The Americas—in particular the US, Canada and Brazil—will account for much of this growth. Demand. EIA estimates that global consumption should grow by 1.2 MMbpd in 2013, exceeding 91 MMbpd by the second half of the year. Global consumption is forecast to grow at a similar pace of nearly 1.3 MMbpd in 2014 and 1.4 MMbpd in 2015, exceeding 93 MM

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