Azerbaijan, Baku, 3 March / corr. Trend A. Badalova/ According to a forecast by JP Morgan, the United States' third largest bank, there will be an aggressive growth of the demand for oil worldwide in 2008 by 1.5mln b/d, which will total 87.3mln per day, the bank said to Trend .
According to JP Morgan analysts, the Organization of Economic Cooperation and Development (OECD), will account for some 49.7mln b/d of oil from the total volume and 37.6mln barrels from countries not included in the OECD. The demand for oil by OECD will total 0.5mln b/d in 2008.
Preliminary data shows global oil demand outpacing supply by 1.4 million b/d in December 2007, and 1 million b/d on average in the fourth quarter of 2008.
According to the International Energy Agency, world demand for oil in 2008 will decrease by 0.2mln b/d to 87.6mln b/d.
Goldman Sachs, one of the largest investment banks worldwide, forecasts a fall in the demand for oil in America and that the constant demand of fast-developing markets, including China and India will not let oil prices change their long lasting dynamics.