Middle East Economic Survey

VOL. XLIX

No 29

17-Jul-2006

SUPPLY/DEMAND

IEA Predicts Rising Demand Growth In First Detailed Forecast For 2007

In its first detailed forecast for 2007, the International Energy Agency (IEA) predicts a rise in demand growth compared with 2006, as consumption growth continues despite the damping effect of high petroleum prices. In the latest monthly Oil Market Report, published on 12 July, the IEA says: World oil product demand growth is largely unchanged for 2006 at...