The U.S. government lowered its forecast of growth in world oil demand for 2011 on Wednesday, but expects developing countries to keep boosting global petroleum consumption. World oil demand is expected to rise 1.38M barrels p/d next year to 87.44M bpd, the Energy Information Administration said, down slightly from the 1.41M bpd increase that it projected last month. – Reuters
Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!
Leave a Reply