Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

IEA’s Birol Says U.S. Oil Imports to Decline Through 2035

Nov. 9 (Bloomberg) -- U.S. fuel imports will decline through 2035 and the nation will be “less vulnerable to oil price shocks” in the future, the International Energy Agency’s Chief Economist Fatih Birol said.

Rising efficiency standards for cars and trucks will reduce the country’s consumption, while domestic production of so-called tight oil will increase in the next two decades, Birol said today at a press conference in London.

U.S. oil demand is forecast to drop to 14.5 million barrels a day in 2035 from 18 million last year, the IEA said in its annual World Energy Outlook report. The Paris-based agency advises 28 industrialized nations.

To contact the reporter on this story: Lananh Nguyen in London at lnguyen35@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.