Middle East Economic Survey
VOL. XLVIII
No 46
14-November-2005
SUPPLY/DEMAND
IEA Predicts Weaker Demand Growth Despite Chinese Resurgence
The International Energy Agency (IEA) has reduced its forecasts for global oil demand growth, and now anticipates 3Q05 and 4Q05 demand will be 800,000 b/d lower than it was predicting before Hurricanes Katrina and Rita devastated Gulf of Mexico oil production and refining installations in late August and September. In the latest monthly Oil Market Report,...
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