US Forecasts Small Increase of World Demand for Oil in 2009

Oil&Gas Materials 13 November 2008 15:34 (UTC +04:00)

Azerbaijan, Baku, 13 November / corr Trend A.Badalova / The U.S. Energy Information Administration (EIA) forecasts increase of world demand for oil only by 40,000 barrels per day - to 85.93mln barrels per day in 2009.

According to EIA's forecasts, in 2008 the world demand will total 85.89mln barrels per day with an increase of 80,000 barrels.

In 2008, demand for oil in the Organization for Economic Co-operation and Development (OECD) member-countries, will reduce by 1.35mln barrels per day - to 47.79mln barrels, and the demand will reduce by 860,000 barrels per day - to 46.93mln barrels in 2009.

In countries not entering OECD the demand for oil will increase by 1.43mln barrels per day - to 38.1mln barrels in 2008, and by 90,000 barrels per day - to 39mln barrels in 2009.

According to EIA's forecasts, volume of world oil delivery will increase by 10,000 barrels per day - from 85.62mln barrels per day in 2008 to 85.72mln barrels in 2009. In 2009, the OECD member-countries will deliver 20.9mln barrels which is by 20,000 barrels per day less than in 2008.

In 2009, volume of oil delivery by the states, not entering the OECD, will increase by 120,000 barrels per day to 64.82mln barrels as compared to 64.7mln barrels per day in 2008.

EIA is a statistic agency of the U.S. Department of Energy, which was established by the Congress in 1977.

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