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Global oil use to grow by 1.7 mn barrels per day

Wednesday June 08, 2011 10:20:06 AM, IANS

New York: The total oil consumption across the world will grow by 1.7 million barrels per day in 2011, the US Energy Information Administration (EIA) said.

The agency also predicted in a review released Tuesday that the global oil consumption in 2012 will increase by 1.6 million barrels per day, Xinhua reported.

World benchmark crude oil prices reached their highest level of this year at the end of April, fell by about 10 percent by May 9 and have changed very little since then, according to the EIA report.
 

 



 


 

 

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