SUPPLY DEMAND
IEA Sees Global Demand Rising To 90Mn B/D During 2012
The International Energy Agency (IEA) raised its projection for global oil demand during 2012 to 90.0mn b/d in its latest monthly Oil Market Report, released on 11 May. This is compared with a revised estimate of 89.2mn b/d for 2011 oil consumption. The Paris-based agency said non-OECD countries would account for all of the growth, with demand rising from 43.5mn b/d to 44.8mn b/d, and that...
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