U.S forecasts cut in world oil demand
Azerbaijan, Baku, July 8 / Trend A. Badalova /
The U.S. Energy Information Administration (EIA) says the world oil demand will fall 1.56 million barrels per day and total 83.85 million in 2009 or 0.17 million barrels per day more than the volume forecasted last month.
"World economic slump led to reduction of oil demand in the second half of 2008 and the first half of 2009. Moreover, decrease of demand late 2009 will be kept due to gradual restoration of economic situation," EIA July report said.
The EIA forecasts world oil deliveries in OECD- countries will decrease 1.88 million barrels per day and total 45.56 million in 2009.
The oil demand in non-OECD countries will make up 38.3 million barrels per day in 2009 which is by 0.33 million barrels more compared to 2008.
Some 45.58 million barrels per day will fall to the OECD countries and 39.21 million - to non-OECD countries in 2010.
The EIA forecasts world oil deliveries will decrease 1.85 million barrels per day and total 83.65 million in 2009. World oil deliveries will increase 1.12 million barrels per day and total 84.77 million in 2010.
The OECD- countries will supply 20.72 million barrels per day in 2009 and non-OECD countries - 62.93 million. Volume of the OECD-countries' oil supply will drop to 20.39 million barrels per day, while non-OECD countries' supply will increase to 64.38 million 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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