World oil demand will decline for the first time since 1983.

The International Energy Agency (IEA) expects the reduction in world demand for oil in 2008 at 0.2 million barrels per day, reported AFP. According to the organization, this will be the first drop in demand since 1983. Under the revised forecast, this year's daily oil demand will be 85.8 million barrels, which is 350 thousand barrels less than the previous assessment.
As expected in the agency, world oil demand in 2009 will begin to grow again and following years will be 86.3 million barrels a day.
Previously, the Agency expects oil demand growth, which in 2008 was up 1.2 percent. At the same time, demand for oil in 2008 was up 86.2 million barrels a day and grow by 2013 to 91.3 million barrels.
Agency has twice lowered its forecast for the last week because of the global financial crisis that led to a sharp drop in demand for minerals. The decline in demand, in turn, caused a drop in oil prices, which in July 2008 were around 147 dollars a barrel, and by early December, fell below 50 dollars.
According to the IEA, in 2009 the cost of oil will be around 80 dollars a barrel, reaching the level of 200 dollars by 2030. At the same time oil prices exceed the mark of 100 dollars per barrel in 2015. It is expected Agency, this year the world economy will be able to recover from the effects of global financial and economic crisis.
9 December, 2008 his vision for the oil market in the years 2009-2010 unveiled the World Bank. According to the organization forecast, oil prices next year will decline to 26.4 per cent to 74.5 dollars per barrel. In 2010, the price of oil will grow by 1.8 per cent to 75.8 dollars per barrel. According to the bank, oil becomes the only commodity whose value will grow in 2010. More fossils in 2009 podesheveyut at 23.2 percent, while the 2010-meters - at 4.3 percent.
Morning 11 Dec, 2008 oil on the electronic auction in New York Commodity Exchange NYMEX traded at 44 dollars per barrel.