Middle East Economic Survey
VOL. XLVII
No 42
18-October-2004
SUPPLY/DEMAND
IEA Raises Both 2004 Demand And Demand Growth Forecasts
The International Energy Agency (IEA) has raised its forecasts for both 2004 demand and demand growth, but reduced predictions for both in 2005. In the latest monthly Oil Market Report, published on 12 October, the IEA says: The global oil demand forecast has been raised by 240,000 b/d for 2004 to 82.4mn b/d, but trimmed by 70,000 b/d for 2005 to 83.9mn b/d. The cut...
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