Middle East Economic Survey

VOL. XLIX

No 34

21-Aug-2006

IEA Holds Demand Growth Outlook Steady At 1.2Mn B/D In 2006 And 1.6Mn B/D In 2007

The International Energy Agency (IEA) has held its global oil demand outlook steady, with recent Chinese demand strength being counterbalanced by downward adjustments to US data and relative demand weakness in Europe and Japan. In the latest monthly Oil Market Report, published on 11 August, the IEA said: Chinese apparent demand came in almost 300,000 b/d above...