US forecasts cut in world oil demand
Azerbaijan, Baku, May 13 / Trend , A.Badalova/
The U.S. Energy Information Administration (EIA) says the world oil demand will fall 1.77 million barrels per day and total 83.67million in 2009. Earlier, the EIA forecast drop in world oil demand by 1.35 million barrels per day.
The EIA May report says the forecast drop of world oil demand is connected with the global economic crisis.
The oil demand in the Organization for Economic Development and Cooperation (OECD) countries will total 45.35 with a 1.8-million decrease from 2008.
The oil demand in non-OECD countries will make up 38.32 million barrels per day which is by 0.05 barrels lower than the volume forecast by the EIA in April and by 0.21 million barrels more compared to 2008.
In 2010, the world oil demand will increase 0.72 million barrels per day and total 84.39 million.
Some 45.23 million barrels per day will fall to the OECD countries and 39.16 million - to non-OECD countries in 2010.
The EIA forecasts world oil deliveries will decrease 2.11 million barrels per day and total 83.35 million in 2009. World oil deliveries will increase 0.88 million barrels per day and total 84.23 million in 2010.
The OECD- countries will supply 20.57 million barrels per day in 2009 and non-OECD countries - 62.79 million. Volume of the OECD-countries' oil supply will drop to 20.25 million barrels per day, while non-OECD countries' supply will increase to 63.98 million.
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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