Middle East Economic Survey

VOL. XLIX

No 8

20-February-2006

SUPPLY/DEMAND

IEAs Predicted 2006 Demand Growth Of 1.78Mn B/D Based On Robust Chinese Growth

The International Energy Agency (IEA) has reduced its short-term demand growth outlook slightly, with recent unusually cold weather in Europe being largely offset by mild North American weather and weak US petrochemical demand. In the latest monthly Oil Market Report, published on 10 February, the IEA says, Global oil product demand growth is...