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OPEC lowers global oil demand prediction for 2008 |
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09:08, May 16, 2008 |
The Organization of Petroleum Exporting Countries (OPEC) forecast an average daily global oil demand of 86.95 million barrels for 2008 in its monthly report released Thursday.
This estimate was 0.02 million barrels less than the previous forecast in April.
OPEC said the oil demand of the United States would remain unchanged this year, while demand from the Organization for Economic Cooperation and Development (OECD) countries would slightly decrease.
It said non-OECD countries such as India, on the contrary, would have a stronger demand.
Source:Xinhua
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