Middle East Economic Survey


No 4


IEA Forecast Little Changed With Oil Demand Up 1.4Mn B/D To 86.3Mn B/D In 2010

The International Energy Agency (IEA) made only minor adjustments in its 2009 and 2010 global crude oil demand forecasts in the latest Oil Market Report (OMR), released on 15 January. The forecast remains virtually unchanged for both years as weaker preliminary data for the OECD offset more buoyant readings in non-OECD countries, the report said. Global oil demand...