SUPPLY DEMAND

 

IEA Trims 2012 Demand Forecast To 89.9Mn B/D, Projects 2013 Demand At 90.9Mn B/D

The International Energy Agency (IEA) revised downward by 15,000 b/d its 2012 forecast for world oil demand to 89.9mn b/d in the latest issue of its Oil Market Report, released on 12 July. The report also introduced its first projections of demand and supply in 2013, forecasting global oil product demand at 90.9mn b/d for next year. The IEA said that while...