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Global Oil Use to Grow by 1.7 Mn Barrels Per Day

  •   Wed, Jun 08 2011 10:29:14 AM

New York, June 8 (IANS) 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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Comment on this article

  • John DSouza, Mangalore

    Wed, Jun 08 2011

    Telecommunication has been revolutionalized with the Information Technolgy, but the land transport is still under evolution mode. If we make a slight change in the concept, we can save a considerable amount of fuel along with reduction in air pollution, sound pollution and have many other valuable benefits.

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