Middle East Economic Survey


No 25


BP Statistical Review Says Global Crude Consumption Fell By 1.2Mn B/D In 2009

Global oil consumption declined by 1.2mn b/d in 2009, the largest decline since 1982, according to the BP Statistical Review of World Energy, released earlier this month. OECD consumption fell by 2mn b/d last year, a fourth consecutive decline, the Review said, adding that outside the OECD, consumption growth slowed to 860,000 b/d. China, India and Middle Eastern...