Financial Times FT.com

Demand for oil falls sharply in OECD countries

By Ed Crooks in London

Published: June 12 2008 01:47 | Last updated: June 12 2008 01:47

Oil consumption in developed countries fell last year by the largest amount since 1983, a sign of the growing impact of rising prices on demand, according to BP, the UK oil and gas group.

In its annual statistical review of world energy, it said there was little sign that consumption would decline in some of the countries where it has been growing most strongly, such as the oil-producing nations in the Middle East and in China.

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