46
39
th
Annual Report
By tracking the growth rates of world oil demand in 2012 on
quarterly basis, one can clearly note their decline in response to the
slowdown in the global economy as a whole. While the pessimism
over the global economic outlook started in the beginning of 2012,
the total global demand for oil during the first quarter amounted to
88.0 million b/d, a level that was 800,000 b/d lower than the fourth
quarter of 2011.
The second quarter of 2012 has maintained the same level of
demand prevailed during the first quarter, but the trend changed in
the third quarter of the year when demand increased by more than 1.2
million b/d compared with the second quarter to reach 89.2 million
b/d, followed by a slight increase of 900,000 b/d in the fourth quarter
compared with the third quarter to reach 90.1 million b/d.
Figure 1-4
World Economic Growth 2011-2012
(%)
ﺍﻟﺷﻛﻝ
4
ﺍﻟﺷﻛﻝ
5
ﺍﻟﺷﻛﻝ
6
0
1
2
3
4
5
6
7
8
2011
2012
81
83
85
87
2008
2009
2010
2011
2012
60
80
100
