Middle East Economic Survey
VOL. LII
No 51-52
21/28-Dec-2009
IEA Revises 2010 Oil Demand Growth Forecast Upward By 130,000 B/D
The International Energy Agency (IEA) has left its global oil demand forecast for 2009 virtually unchanged and revised upward its 2010 demand forecast by 130,000 b/d. In the latest monthly Oil Market Report (OMR), released on 11 December, the IEA said global demand is expected to average 84.9mn b/d in 2009 (-1.6% or -1.4mn b/d year-on-year) and 86.3mn b/d in 2010 (+1.7% or...
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