Middle East Economic Survey


No 11



IEA Raises 2008 Demand Growth To 1.7Mn B/D, But Warns Of Weaker OECD Economy

The International Energy Agency (IEA) has raised its forecast for 2008 oil demand growth slightly to 1.7mn b/d, compared with the 1.6mn b/d predicted last month (MEES, 18 February). However, in the latest monthly Oil Market Report, published on 11 March, the agency says: Projected global oil product demand in 2008 is little changed at 87.5mn b/d, with...