Middle East Economic Survey
VOL. XLVII
No 24
14-June-2004
IEA 2004 Demand Growth Forecast Raised For Eighth Consecutive Month To 2.3Mn B/D
The International Energy Agency (IEA) has revised upwards its estimate for 2004 global oil demand growth for the eighth month in succession, in the face of soaring consumption. In its latest monthly Oil Market Report, published on 10 June, the IEA says: World oil demand growth for 2004 has been revised up by 360,000 b/d to 2.3mn b/d. New March data show demand...
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