Thursday, April 15, 2010

World Oil Demand Stood at 85.21 million mbpd in 2010

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 to 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 U.S. are still representing the point of interrogation for the progress of world demand"

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