Middle East Economic Survey

VOL. LII

No 16

20-Apr-2009

SUPPLY/DEMAND

IEA Revises 2009 Demand Forecast Down By 1.0Mn B/D To 83.4Mn B/D

The International Energy Agency (IEA) revised its forecast for global oil demand for 2009 downward to 83.4mn b/d following another reassessment of global economic assumptions, after a flurry of downward adjustments by both public and private forecasters, and much lower than expected 1Q09 data (-0.7mn b/d versus last reports estimate), according to its latest monthly...