US Forecasts Fall in World Oil Demand
Azerbaijan, Baku, 10 Dec/ Trend corr A. Badalova/ Energy Information Administration of the United States forecasts fall in world oil demand by 450,000 barrels a day to 85.3mln barrels in 2009.
The world demand will total to 85.75mln barrels a day in 2008 which is 50mln barrels a day less than in 2007, according to EIA forecast.
The growth in oil demand in 2008 and 2009 will mainly focus outside of Organization for Economic Cooperation and Development (OECD), namely on China, Middle East and Latin America.
EIA forecasts fall in oil demand in 2009 in OECD countries from 47.66mln barrels a day in 2008 to 46.65mln barrels a day.
In 2009, oil demand in non-OECD countries will increase by 0.56mln barrels a day to 38.66mln barrels a day as compared to 38.1mln barrels a day in 2008. According to EIA forecast, world oil supply will drop by 0.38mln barrels a day in 2009 to 85.14mln barrels from 85.52mln barrels a day in 2008.
OECD countries will supply 20.77mln barrels in 2009 which is 0.1mln barrels a day less than in 2008.
In 2009, oil supply by the non-OECD countries will drop by 0.28mln barrels a day to 64.37mln barrels as compared to 64.65mln barrels in 2008.
U.S. Energy Information Administration is a statistics agency on energy set up by the Congress in 1977.
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