American bank raises forecasts on world oil demand growth
One of the largest US banks JP Morgan raised its forecasts on growth in the world oil demand in 2010 on the backdrop of the continued demand growth in developing countries, particularly China and India.
OPEC has cut its world oil demand growth forecast for 2008 to 1.02 per cent from 1.17 per cent in the face of falling demand in the United States, the world's biggest energy consumer.