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Friday, 17 February 2017 09:00

World oil demand at year-end grows

World oil demand at year-end grows

World oil demand growth in 2016 is expected to increase by 1.32 mb/d, following an upward adjustment of 70 tb/d to reflect continued better-than-expected consumption in OECD Europe and Asia Pacific, and total oil demand is now estimated to average 94.62 mb/d, taking into account base line adjustments to China of around 0.12 mb/d, Caspian Energy News (www.caspianenergy.net) reports with reference to OPEC’s MOMR February 2017.

More details: http://www.opec.org/opec_web/static_files_project/media/downloads/publications/MOMR%20February%202017.pdf

Person in charge of the newsline: Jeyhun Bayramov

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