In its November 2009 annual World Energy Outlook, the International Energy Agency (or IEA) says that global demand for oil is set to rise from 84.7m barrels per day (bpd) in 2008 to 105m bpd in 2030.

Transportation fuel should account for 97% of this increase. The increase is attributed to rising numbers of cars in the developing world, with much of this demand from India and China. The report shows that demand from these countries will overtake that of the industrialized OECD nations by 2030. By then, America, Japan, and Europe should be using less oil than in 1980, particularly if policies stimulating drop-in biofuels replacements for gasoline are sustained. Demand for oil will balloon in Asia—in India and China, in particular—where increases by as much as 400% compared with 2008 are predicted. The graphic below is from the World Energy Outlook 2009 report.

External links:

IEA World Energy Outlook 2009