World Oil Demand to Increase by 1.4mln Barrels a Day by 2009: EIA
Azerbaijan, Baku, 9 July / Trend , corr A. Badalova/ The Energy Information Administration (EIA) of the United States forecasts rise in the world oil demand by 1.4mln barrels a day by 2009.
The rise in the world demand is necessitated by the expected economic growth in several regions of Latin America by 2009, EIA said to Trend .
According to EIA estimations, the world oil demand increased by 520,000 barrels a day in the first half of 2008 as against the previous year. The oil demand will go up by 1.2mln barrels a day it the second half of 2008.
In the first quarter of 2008, the world oil demand increased by 170,000 barrels a day and by 870,000 barrels a day in the second quarter.
According to EIA, the oil demand in the Economic Cooperation and Development Organization decreased by 760,000 barrels a day in the first quarter of 2008. The oil demand in the countries not included in this organization, increased by 1.3mln barrels a day .The rise in oil demand in these countries is attributed to China and Near East.