Middle East Economic Survey


No 25



BP Statistical Review Says Global Consumption Down In 2008 By 0.6%

Global oil consumption declined by 0.6%, or 420,000 b/d, during 2008, The BP Statistical Review of World Energy said in its 2009 edition, released on 10 June (MEES, 15 June). This is the first decline in global oil consumption since 1993 and the largest since 1982, the Review said. Consumption in OECD countries fell by 3.2% (1.5mn b/d), a third consecutive year of...