SPECIAL REPORT: Growth expected for global oil demand, production

Worldwide demand for oil will climb 1.4 million b/d in 2007, following growth of just 900,000 b/d last year.Production will grow enough this year in countries outside the Organization of Petroleum Exporting Countries to enable OPEC producers to hold exports near 2006 levels.At its Dec. 14, 2006, meeting in Abuja, Nigeria, OPEC admitted Angola as the 12th member of the organization, effective Jan. 1, 2007. For figures in this article, Angola is considered non-OPEC.Global oil demandDemand by member countries of the Organization for Economic Cooperation and Development will post a small increase this year.OECD demand will average 49.6 million b/d vs. 49.4 million b/d last year, according to ...

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