Middle East Economic Survey
VOL. LIII
No 4
25-Jan-2010
OPEC Forecasts Demand Growth Of 0.8Mn B/D In 2010
World oil demand declined by 1.4mn b/d in 2009, but is forecast to increase by 0.8mn b/d, according to OPECs latest Monthly Oil Market Report (MOMR), published on 19 January. The decline in OECD consumption seen in 2009 is expected to lessen as economic activities increase, while non-OECD demand is forecast to grow at a rate of 1.0mn b/d, compared with 0.5mn b/d last year, the MOMR said.
The...
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