Oil Demand to Rise in 2010: Analysts

Oil consumption worldwide will rise again in 2010 as a recovery in the global economy boosts demand, suggests a poll of oil-tracking analysts and organisations. World demand has fallen by 2.5% since hitting 86.2 million bpd in 2007 due to high oil prices and the economic crisis. Oil demand is predicted to rise by 900,000 bpd to 84.9 million bpd in 2010, the poll of 9 forecasters found. However, the expected increase of 1.1% worldwide is unlikely to drain away all the excess supplies, despite the slow growth in production outside OPEC.- AME INFO