Growth in world oil demand will accelerate next year as industrialized and developing nations recover from economic slowdown, the International Energy Agency said on Friday. The Paris-based adviser said global oil demand would increase by almost 1.5 million barrels per day, or 1.7 percent, in 2010 to 86.3 million bpd, and the rate of growth in demand was also set to rise.
Excerpt from Jakarta Globe.
A good sign for coal mining industry since the increase of global oil demand leads to the increase of global coal demand. However, this will become a challenge to government, especially to manage the budget and expense.