Browse
related articles
Oil demand seen rising 0.9mbd globally
- Middle East: Tuesday, September 04 - 2012 at 12:01
According to a report by the National Bank of Kuwait (NBK), global oil demand is expected to rise by 0.8 - 0.9 million barrels per day, or around 1%, in 2012, above last year's increment though below the historic average, Saudi Gazette has reported. Demand in non-OECD countries is seen rising by around 1.2 mbpd, or 2.9%, while OECD demand is expected to fall by up to 0.4 mbpd, or 1%, the report said. A modest pick-up in demand is seen in 2013, though the structure of that growth, falling OECD demand more than offset by growth in emerging markets, remains the same. Demand growth is set to stay below its pre-credit crunch trend, NBK said.
Related Content
Article Options
Disclaimer »
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
