Middle East Economic Survey
VOL. XLVIII
No 33
15-August-2005
IEA Increases Demand Growth Forecast Slightly But Questions Chinese Demand Outlook
The International Energy Agency (IEA) has reduced its forecast for 2005 oil demand, but slightly increased its predictions for demand growth this year and next. In the latest monthly Oil Market Report, published on 11 August, the agency explains: Projected 2005 global demand growth remains largely unchanged at 1.60mn b/d, a 20,000 b/d increase compared...
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