OPEC forecasts gradual restoration of world oil demand
Azerbaijan, Baku, June 15 / Trend , A.Badalova/
OPEC forecasts a drop of world oil demand by 1.6 million barrels per day to 83.8 million barrels per day in 2009.
OPEC June report on the oil market says that a record drop for oil demand to 2.8 million barrels per day was observed in the first quarter of 2009. The drop for oil demand to 2.1 million barrel per day will be observed in the second quarter of 2009 and 1.2 million barrel per day in the third quarter of 2009.
Out of the total volume of world oil demand some 45.65 million barrels per day account for the Organization for Economic Cooperation and Development (OECD), which is by 1.79 million barrels less compared to the previous year.
Some 4.04 million barrel per day accounts for former Soviet Union countries, while the figure reached 0.07 million barrels in 2008.
According to OPEC, the volume of oil supplies by non-OPEC countries will increase by 0.21 million barrel per day to 50.52 million barrels per day in 2009. The oil supply by these countries will increase to 50.73 million barrel per day in the fourth quarter.
The oil supply by former Soviet Union countries will increase to 0.06 million barrels to 12.62 million barrels per day in 2009.
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