Middle East Economic Survey


No 25


IEA Sees China/Europe Demand Slowdown Balanced By North America/OECD Pacific Growth

Slowing demand growth in China and Europe is being counterbalanced by relative strength in North America and the OECD-Pacific region, according to the International Energy Agency (IEA). In the latest monthly Oil Market Report, published on 10 June, the agency keeps its projected growth of worldwide oil demand for 2005 broadly unchanged at 1.78mn b/d (2.2%)....