Demand for oil may fall to lowest in 25 years

FALLING global demand will push the cost of oil down significantly in the year ahead.

The only question is by how much. The continuing fall is good news for both motorists and householders who can look forward to significant reductions in their bills.

Analysts are divided on how steep the fall will be but all agree the price of oil, and by implication gas, will continue to fall, as the global economy continues to contract.