Middle East Economic Survey


No 37


IEA Raises 2009, 2010 Forecasts By 0.5Mn B/D To 84.4Mn B/D, 85.7Mn B/D Respectively

The International Energy Agency (IEA) has revised upward by 0.5mn b/d its forecast of global oil demand for both 2009 and 2010, based on stronger-than-expected data in OECD North America and non-OECD China. In the latest monthly Oil Market Report (OMR), released on 10 September, the IEA said: There is growing evidence that the global economy may be finally...