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American bank forecasts decrease in oil demand

Oil&Gas Materials 28 July 2009 11:23 (UTC +04:00)

Azerbaijan, Baku, Jul.28 / Trend A.Badalova /

One of the giant banks in the world American JPMorgan forecasts decrease in oil demand by 2 million barrel per day in 2009 to 84.1 million barrel per day.

According to the bank's forecasts, 45.7 million barrels per day of the total demand will fall to the countries of the Organization for Economic Cooperation and Development (OECD) and 38.3 million barrel per day to non-OECD countries.

JPMorgan forecasts increase in world oil demand by 1.3 million barrel per a day to 85.4 million barrel per day in 2010. Some 45.8 million barrel per day of this volume will fall to the OECD countries and 39.6 million barrel per day to non-OECD countries.

Global oil supplies will reach 83.9 million barrel per day in 2009, which at 2.2 million barrels less than in 2008. Oil supplies will increase by 1.3 million barrel per day to 85.2 million barrel per day in 2010, the bank forecasted.

OPEC will supply 28.5 million barrel per day in 2009. The volume of supplies will remain the same in 2010. Non-OPEC member-countries will supply 48.5 million barrels per day in 2009. Supplies by these countries will increase by 0.8 million to 49.3 million barrel per day in 2010, the bank forecasted.

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