Middle East Economic Survey
VOL. XLVIII
No 7
14-February-2005
IEA Raises 2005 Oil Demand Growth Forecast To 1.52Mn B/D
The International Energy Agency (IEA) has raised its estimates of global oil demand growth, increasing 2004 demand growth by 30,000 b/d to 2.68mn b/d and 2005 demand growth by 80,000 b/d to 1.52mn b/d. However, in the latest monthly Oil Market Report, published on 10 February, the IEA says that after the demand surprises of 2004 the market has so far this year brought surprises on...
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