Tuesday, October 07 - 2008

Oil demand growth to drop

Middle East: Thursday, July 10 - 2008 at 13:44

A new report by the International Energy Agency said world oil demand growth will slow slightly to 890,000 barrels per day in 2009 to 87.7 million bpd, down from growth of 860,000 bpd this year, reported Reuters. The report said high oil prices have contributed to lower demand in developed countries, although this was offset by robust growth in emerging economies.

Jeff  Florian Jeff Florian, Senior Reporter
Thursday, July 10 - 2008 at 13:44 UAE local time (GMT+4)

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