World oil demand to increase 4.5 percent by 2013: OPEC
Azerbaijan, Baku, July 9 / Trend , A.Badalova/
OPEC forecasts increase of world oil demand from 2010 by hitting 87.9 million barrels per day by 2013.
OPEC report on the oil market 2009 says that world oil demand will hit 84.2 million barrels per day, 84.6 - in 2010, 85.6 - in 2011, 86.7 million barrel - in 2012.
Out of the total volume of world oil demand some 46 million barrels per day account for the Organization for Economic Cooperation and Development (OECD) in 2009, but 45.5 million barrels in 2010, 2011, 2012 and 2013.
According to OPEC, worldwide demand for oil will increase by 20 million barrel per day from 2008 to 2030. Annual growth of demand will hit 1.1 million barrel per day from 2010 to 2020, 1 million barrel per day from 2020 to 2030. The report said that growth of demand will be observed owing to the Organisation for Economic Co-operation and Development (OECD) and developing countries.
Demand for oil in OECD will hit 45 million in 2020, 43.3 million barrel per day in 2030. Developing countries will use 44.8 million barrel per day in 2020, 56.1 million barrel per day - in 2030.
According to demand for oil, worldwide demand for oil will hit 95.4 million barrel in 2020, 105.6 million barrel per day in 2030.
According to OPEC report, demand for energy resources will gradually increase but oil remains major source of energy.
The report said there is great volatility on oil market. It is connected with world economic situation.
In its report OPEC forecasts U-shape restoration of world economy but its term and scale are undetermined.
According to cartel, growth of world economy will hit 3.4 percent from 2013 to 2020.
Do you have any feedback? Contact our journalist at: [email protected]