Сергій Кабуд ( Кий ) (xyu) wrote,
Сергій Кабуд ( Кий )
xyu

total US oil demand in November 2008 fell to 18.958 million b/d, down 1.577 million b/d from 2007

total US oil demand in November 2008 fell to 18.958 million b/d, down 1.577 million b/d from a year earlier.

8% down in 1 year


The latest figures suggest that the drop in US oil demand may be more serious than originally anticipated, exceeding the decline witnessed in the previous big slump in 1980.

Meanwhile, in an unprecedented move, the International Monetary Fund revised downward its 2009 global GDP forecast for the second time in three months on January 28 to 0.5%, which means that most oil market analysts will soon be revising down their forecasts for oil demand.

Global economic growth for 2009 was originally projected at 3% by the IMF in October 2008.

The IMF expects US economic growth to swing from minus 1.6% this year to positive 1.6% in 2010.

http://www.platts.com/Oil/Resources/Futures/index.xml

February 4, 2009

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