World Demand for Oil to Rise by 1.5% in 2009: U.S. Forecast

Oil&Gas Materials 9 April 2008 13:42 (UTC +04:00)

Azerbaijan, Baku, 9 April / corr. Trend A. Badalova/ The Energy Information Administration of the United States (EIA) forecasts the rise in the world demand for oil by 1.31mln barrels per day up to 87.89mln barrels per day in 2009, against 86.58ml barrels in 2008.

According to EIA forecast, the demand for oil in the countries, that are not included in Economic Cooperation and Development Organization (ECDO), will make up 37.53mln barrels per day. In 2009, the demand will rise by 1.17mln barrels up to 38.7mln barrels per day.

In 2009, ECDO will consume 49.19mln barrels per day against 49.05mln barrels in 2008.

EIA placed the supply of oil for OCDO at 21.32mln barrels per day in 2009, against 21.12mln barrels in 2008.

The supply of countries, that are not included in ECDO, will go up by 0.82mln barrels in 2009 and will total to 66.38mln barrels per day against 65.56mln barrels in 2008.

The total volume of world oil supply will make up 86.68mln barrels per day this year. In 2009, the volume will rise by 1.02mln barrels and will total to 87.70mln barrel per day.

Energy Information Administration is a statistic agency of U.S. Energy Department founded by Congress in 1977.

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