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World 2009 oil demand growth cut
- Middle East: Wednesday, October 08 - 2008 at 09:42
World oil demand growth next year will decline by 140,000 barrels per day due to the 'deteriorating' global economy, the US Energy Information Administration said Tuesday. Global oil consumption was forecast to average 86.92 million bpd in 2009, about 780,000 bpd more than this year's demand but 140,000 bpd less than the agency had forecast just last month. World oil use was projected to rise by only 330,000 bpd this year, about 340,000 bpd lower than EIA's projections last month, reported Reuters.
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Jeff Florian, Senior ReporterWednesday, October 08 - 2008 at 09:42 UAE local time (GMT+4)
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