OPEC just released its monthly oil report for October which included lower estimates for oil supply and demand for 2008 and 2009. Each year, global growth is projected to be positive: at almost 600,000 barrels per day (b/d) this year and 800,000 b/d in 2009. But there was one piece of information on page 25 of the report that raised my eyebrows and my hopes that we can keep oil prices and global greenhouse gas emissions in check: global oil demand in the third quarter of 2008 is reported to (more…)