Middle East Economic Survey


No 29


IEA Forecasts World Oil Demand Increase To 85.2Mn B/D For 2010

The International Energy Agency (IEA) projects that global oil demand will increase to 85.2mn b/d in 2010, a 1.4mn b/d rise over the 2009 forecast demand of 83.8mn b/d. Global oil demand in 2010 is expected to bounce back by +1.7% or +1.4mn b/d year-on-year to 85.2mn b/d, the IEA said in its latest Oil Market Report (OMR), released on 10 July. It said the rebound would be led by...