the rapidly deteriorating state of the global economy, said the US Energy Information Administration (EIA) in its latest projection. The agency believes the world will consume around 86.92 million b/d in 2009 instead of 87.06 million b/d as forecast last month. The EIA blames weaker demand in the US and the industrialised world for the…
MARKETS: US EIA forecasts world oil demand to grow by 780,000 b/d in 2009
Posted on October 22, 2008 by EnergyAsia