Middle East Economic Survey

VOL. XLIX

No 51

18-Dec-2006

SUPPLY/DEMAND

IEA Maintains Oil Demand Growth Forecast But Cites Uncertainty Over US And China

The International Energy Agency (IEA) has maintained its oil demand growth forecasts at 900,000 b/d for 2006 and 1.4mn b/d for 2007, but warned of uncertainty over demand growth in the two economies which have been the key drivers of consumption patterns of late the US and China. In the latest monthly Oil Market Report, published on 13 December, the...