Oil demand forecast

    • Oil demand forecast

      Oil demand forecast is at 85.21 mil barrels per day, says OPEC

      VIENNA: The Organisation of the Petroleum Exporting Countries (OPEC) maintains unchanged its forecast on world oil demand for 2010 at 85.21 million barrels per day (mbpd), Algerian Press Service (APS) reported.

      It is an increase of 0.9 million mbp in comparison with 2009.

      According to April’s monthly report released on Wednesday here, OPEC said the oil demand remains prudent on the pace of world economic recovery.

      “In 2010, world oil consumption should increase by 0.9 million barrels per day, in conformity with our previous forecasts,” oil cartel experts said.

      However, the experts added that “the economic activities in the US are still representing the point of interrogation for the progress of world demand.” -- Bernama

      This is an extract from : thestar.com.my/news/story.asp?…20100415084547&sec=nation

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