Middle East Economic Survey
VOL. XLVII
No 29
19-July-2004
SUPPLY/DEMAND
IEA Predicts Record Oil Demand Growth Of 2.5Mn B/D In 2004 And 1.8Mn B/d In 2005
The International Energy Agency (IEA) has revised upwards its forecast of world oil demand growth for the ninth month in succession, to a record 2.5mn b/d for this year, as the pattern of soaring non-OECD consumption continues. In its latest monthly Oil Market Report, published on 13 July, the IEA also presents its first estimates for 2005,...
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