IEA expects an increase in demand for oil in 2010

15. January. 2010
IEA

The International Energy Agency predicted that record the world consumption of oil jump by 1.7 percent in 2010, driven by demand in emerging countries & Asia.
According to the Agency in its monthly report that the  forecast comes after decreasing demand by 1.5 per cent in 2009.
The Agency expects that the world consumes 86.3 million barrels per day in 2010  compared with 84.9 million barrels a day in the last year.

These expectations did not change compared to the Agency's previous report in December.

And the Agency said "growth of demand comes mostly from countries that do not belong to the Organization for economic cooperation and development", indicating that the request comes from the former Soviet Union countries, Latin America and Asia.

The Organization expected to keep the oil consumption in Europe and North America very weak despite beginning winter cool.

The International Energy Agency expects this stable demand to the organisation of economic cooperation and development in 2010 after decreased by 4.4 per cent in 2009.

David Fife, head of markets and oil industry "has been modified oil demand in China and Asia up to 70,000 barrels per day since last month and is the modified reached 60,000 barrels per day of the Organization for economic cooperation and development".
"And he said " by 2011 expect developed reach to around million barrels per day  whuch would be the largest increase at all but it depends on the economic recovery.

For production, the Agency said; it is continued in improvement in recent months of 2009 to reach 86.2 million barrels per day.
OPEC produced in December 750,00 barrels extra  to 29.1 million barrels per day.