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Global oil demand to decline for the first time in a generation

Posted on 28 November 2008

From Livemint.com: Global oil demand is expected to decline slightly in 2008 and 2009, the first drop in a generation, as the most severe economic crisis since the 1930s slashes consumption across the developed world.

Worldwide demand will decline by 20,000 barrels per day (bpd) in both 2008 and 2009 to 86.03 and 86.01 million bpd (mbpd), respectively, according to a Reuters poll of 11 analysts, banks and industry groups….. Full Article: Source


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