Middle East Economic Survey


No 4



IEA Sees 2Q Demand Fall Affecting Products But Not Crude

Weak 2Q demand hangs over the oil market like the legendary Sword of Damocles, according to the International Energy Agency (IEA), But in reality, the sword is only a myth. In the latest monthly Oil Market Report, published on 17 January, the IEA argues: True, a sharp fall in product demand is nearly always seen in 2Q, predominantly in the Asia-Pacific region. But at the...