Middle East Economic Survey
VOL. XLVIII
No 17
25-April-2005
OPEC Revises 2005 Oil Demand Slightly Higher, Upbeat On Spare Capacity Prospects
OPEC has again revised global oil demand growth to 1.89mn b/d or 2.3% in 2005 to an average 84.02mn b/d. World oil demand has been revised up slightly, mainly due to lower than normal temperatures in the Northern Hemisphere during the second half of February and the first half of March as well as on indications of somewhat stronger consumption from...
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