Azerbaijan, Baku, Feb. 11/ Trend , A. Badalova/ The U.S. Energy Information Administration (EIA) says the world oil demand will fall 1.2 million barrels per day and total 84.7 million in 2009 compared to 85.87 million barrels per day in 2008. This figure is 400,000 barrels less than the figure the EIA forecast last month.
According to the EIA forecast, the world oil demand will grow over 1.2 million barrels per day and total 85.92 million in 2010 as world economy will resume growth rates.
For two years, the rise in oil demand will focus on the non-OECD (Organization for Economic Cooperation and Development) countries, namely on China, Middle East and Latin America.
"If the world economy will revive earlier than the EIA expected, the world oil demand can be more than it was forecast and boost oil prices," the report said.
The oil demand in the OECD countries will fall 1.61 million barrels per day and total 46.08 million in 2009. It will reach 46.09 million barrels per day in 2010.
In the non- OECD countries, the oil demand will grow 0.45 million barrels per day and reach 38.63 million barrels per day in 2009. It will grow 1.9 billion barrels and reach 39.82 million barrels per day in 2010.
The EIA says the volume of world oil supply will fall 1.06 million barrels and total 84.43 million barrels per day in 2009. In 2010, the world supply will increase 1.72 million barrels and reach 86.15 million barrels per day.
The OECD- countries will supply 20.84 million barrels per day in 2009 which is 0.1 million barrels per day less than the 2008 figure. The OECD supply will drop and total 20.56 million barrels per day in 2010.
The non-OECD oil supply will reach 63.59 million barrels per day and 65.59 barrels per day in 2010.
The Energy Information Administration is a statistical agency at the U.S. Energy Department. It was established by the Congress in 1997.
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