EIA: U.S. oil demand in 2011 expected increase of 0.8%

U.S. Department of Energy (EIA) on Tuesday (11), said the agency expects U.S. oil demand in 2011 of 1929 barrels / day, compared with levels in 2010 increased by 16 million barrels / day, an increase of 0.8%.

Sustained economic recovery, the Government predicted that U.S. oil demand in 2012 will be a modest annual rate of less than 1% growth in U.S. oil demand growth in 2010 1.9% increase for the first time since 2005.

Outlook 2012, EIA expects crude oil demand will further increase by 17 million barrels / day to reach 1946 barrels / day, still lags behind the level of demand in 2008.

EIA, in its monthly short-term energy outlook report, said it expects first-quarter demand for crude oil in 1932 b / d over the same period increased by 50 million barrels / day, an increase of 2.7%. EIA in the December quarter oil demand growth forecast of 2.2%.