Middle East Economic Survey
VOL. LIV
No 4
24-Jan-2011
SUPPLY/DEMAND
IEA Increases Demand Growth Forecast On Global Economic Rebound
The International Energy Agency (IEA) has increased its forecast for global oil demand in 2010 and 2011 by an average of 320,000 b/d. In its latest monthly Oil Market Report (OMR), released on 18 January, IEA said its upward revisions were based on higher than expected data submissions in all OECD regions and in key non-OECD areas (Asia, FSU and the Middle...
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