World demand for oil next year is brighter than previously thought, thanks in part to China, the...

|By:, SA News Editor

World demand for oil next year is brighter than previously thought, thanks in part to China, the world's No. 2 oil consumer. IEA's monthly report expects 2010 global consumption of 86.3M barrels/day, up 130,000 from November, and growth of 1.5M barrels/day from 2008.