Azerbaijan, Baku, Aug. 21 / Trend , A.Badalova/
Analysts from one of the world's largest banks, U.S. JPMorgan, have predicted a cut in world oil demand by 1.9 million barrels to 84.4 million barrels per day in 2009.
45.6 million barrels of the total oil demand for 2009 will go to the Organization for Economic Cooperation and Development (OECD) and 38.7 million barrels per day to non-OECD countries.
The analysts forecast that world oil demand will reach 85.1 million barrels per day in the fourth quarter of 2009.
Increase in oil demand will depend on the world economy's recovery, in which the U.S. bank predicts a decline of 2.6 percent in 2009 and growth by 3.3 percent in 2010.
The U.S. bank's analysts forecast an increase in world oil demand of 1.3 million barrels to 85.7 million barrels per day in 2010.
In 2010 the OECD countries will consume 45.7 million barrels per day. Oil demand in the non-OECD countries will increase by 1.3 million barrels and reach 40 million barrels per day in 2010.
The U.S. bank predicts a decrease in 2009 in the volume of world oil supplies by 2.1 million barrels to 84.3 million barrels per day. In 2010, the bank's analysts predict the growth of world supply by1.2 million barrels to 85.5 million barrels per day.
The analysts predict that OPEC oil supplies will be 28.5 million barrels per day in 2009 and 2010.
Non-OPEC countries will supply 48.9 million barrels per day in 2009 and 49.5 million barrels per day in 2010.
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