The Organization of Petroleum Exporting Countries cut its 2011 estimate of 87.81 million barrels per day (bpd), but remained at 0.88 million bpd in place since last year.In September, the cartel was set up in global oil demand this year 87990000 barrels per day.
"The economic downturn toll on world oil demand, especially in the OECD (the group of developed countries)," OPEC said in a monthly report.
Reduced demand from the United States, on the back of a weak economy and high unemployment, with the debt crisis of the euro area and delayed reconstruction effort in Japan after the earthquake and tsunami in March also had a greater than expected impact on demand, the cartel said.
In 2012, he asked to 89.01 million bpd, below its forecast of 89.26 million barrels per day in September.The application of large emerging economies of consumers was also expected to remain low.
"Chinese demand for oil (against uncertainty) ... because the new government to reduce fuel consumption in transport (and) increase in India's retail prices are expected to play a major role in Sinking oil consumption in the coming years, "said OPEC.
Beijing has recently broken up with incentives to encourage sales of new cars, and has introduced measures to encourage more efficient vehicles, he said.
Before the report Tuesday, oil down slightly. In New York, light sweet crude for November delivery fell 10 cents to 85.31 dollars a barrel in afternoon. Brent North Sea crude for November slipped 22 cents to $ 108.73.
