According to Norwegian media reports in Vienna November 10, Organization of Petroleum Exporting Countries (OPEC) Secretary-General Abdallah El-Badri said here today that, due to demand after a two-year contract began to recover after the increase in global oil demand in 2010 years will increase 700,000 barrels per day.
Badri said that China and India next year, will lead the global economic growth, OPEC expects world GDP will grow next year, 2.7%, compared with its July forecast of 2.3% increased 0.4%. These signs that global economic contraction in the 4th quarter of this year, weakened, most people believe that global oil demand contracted by two years after the rebound. Global oil demand by 2013 will be gradually increased to reach 1.2 million barrels per day level.
Nov. 12, 2009
