Global Oil Demand is Likely to Surge by 1.2% in 2012
Investing News Network - March 6th, 2012
Fox Business reported that global oil demand is likely to surge by 1.2% in 2012 to 88.96 million barrels a day.
Fox Business reported that global oil demand is likely to surge by 1.2% in 2012 to 88.96 million barrels a day.
As quoted in the market news:
For 2012, demand in the nations comprising the Organization for Economic Cooperation and Development is expected to drop 0.5%, while non-OECD demand rises 3%. Within the non-OECD demand growth of 1.27 million barrels a day, China accounts for 440,000 barrels a day, and shows a 4.5% rise from a year ago, to 10.27 million barrels a day.