Airlines are exempt from emissions laws now and pay no fuel tax, and whereas demand for cars and electricity is predicted to grow only slowly, demand for flying is forecast to rise hugely over the coming decades.
The International Energy Agency lifted its demand forecast for next year and raised its projections for consumption to 2015, citing stronger US growth.
In October OPEC cut its 2011 global demand forecast for the fourth consecutive month, this time by 180, 000 barrels to 87.8 million per day.
Industrial demand for palladium is forecast to rise by 7% to reach pre-recession levels of 2.65 million ounces, a six-year high, Johnson Matthey said.
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Oil cartel OPEC on Tuesday cut its global demand forecast for 2008 for the fourth time this year, adding consumption would continue to slow in 2009.
The IEA has warned of an oil supply shock within five years and on Thursday raised its oil demand forecast for 2010 to 86.5 million barrels a day.
The Organization of Petroleum Exporting Countries (OPEC) has slashed its global oil demand forecast for 2013 by about 20, 000 barrels a day to 89.57 million barrels a day.
The Organization of Petroleum Exporting Countries cut its global demand forecast for 2008 for the fourth time this year, saying that consumption would continue to slow in 2009.
The overall demand for PCs is forecast to sink 12.5% in 2009, compared with last year, but laptop demand will stay stronger than that for desktops, Merrill Lynch analyst Dan Heyler wrote in a Jan. 7 report.
It said the industry must respond to opportunities for both a demand for greener aircraft, and a forecast for 27, 000 new passenger aircraft and 40, 000 commercial helicopters.
For a start, there is the pent-up demand for chips in China itself (forecast by industry associations to grow by 20% annually for years to come).
The International Energy Agency (IEA) reduced its forecast for demand growth, but still expects the world to consume 1.2 million more barrels of oil each day next year than this year.
Citing a fall-off in demand for notebooks, Gartner this morning chopped its PC growth forecast for both 2011 and 2012.
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The continuing problems in Europe also saw the International Energy Agency cut its forecast for oil demand.
The smelter, to be built by Norwegian multinational Norsk Hydro and a consortium of Icelandic banks, is expected to give a good return to its investors if forecast increasing global demand for aluminium exports materializes.
Rather, he said, gold prices found a little bit of price support from the forecast for global oil demand.
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The IEA also raised its forecast for global oil demand this year on the back of Chinese and US demand.
The agency raised its forecast for global oil demand this year following greater demand in the last three months of 2012 by the two biggest economies in the world.
Developing World Oil Demand Steadily RisingEmerging markets are almost entirely the source of this increased demand, with China accounting for 41 percent of demand growth over that time period, the IEA forecast says.
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Wuhan Steel agreed and also forecast a decline in steel demand for 2011, saying that profit margins for steel makers could be eroded if raw material and energy costs continue to rise.
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The group enjoyed strong demand for flat screen TVs and digital cameras, and forecast a "satisfactory" outlook over the whole year.
Wednesday's report follows Solarfun's forecast earlier this month for strong demand in the second half of this year and said it plans to increase its production capacity.
The expansion and diversification of the tablet PC market, however, is forecast to fuel an increase in demand for tablet PC panels and Samsung will aim to expand sales of LCD and OLED panels for smartphones.
The company blamed both weaker consumer demand and lower-than-expected market share for the reduced forecast.
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Peter Marcus, a steel-industry veteran and managing partner of World Steel Dynamics in New York, says that by 2010 China will have capacity for steel products some 63m tonnes ahead of forecast domestic demand.
On Oct. 26 Dana lowered its earnings forecast for the remainder of the year, citing weaker demand.
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Rio Tinto ( RTP - news - people ) increased its forecast for iron ore production on the back of strong demand from China.
Demand is expected to be 0.3 percent lower than the forecast for the summer of 2012 and the region is expected to have about the same amount of generating resources as compared with the peak period in the summer of 2012.
We also forecast that the Latin America revenues will show healthy growth with strong demand for oilfield services in Brazil and other Latin American countries.
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In the second quarter, market growth for flat panel TVs in the mid-single digits is expected on rising demand in emerging markets and increased sales of LED TVs which are forecast to account for over 60 percent of the TV market in the quarter.
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