Middle East Economic Survey
VOL. LII
No 27
6-Jul-2009
IEA Medium Term Outlook Sees Crude Demand Growth Averaging 540,000 B/D To 2014
The International Energy Agency (IEA) has forecast global oil demand as growing by 0.6% or 540,000 b/d per year on average between 2008 and 2014, from 85.8mn b/d to 89.0mn b/d. In its Medium-Term Oil Market Report (MTOMR), released on 29 June, the IEA said this forecast is based on the economic outlook posited by the International Monetary Fund (IMF) in the April...
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