No. 05



IEA Expects US Economic Slowdown To Curb Oil Demand In 2001

Worldwide oil demand for 2001 will be 280,000 b/d less than previously forecast, primarily because of an economic slowdown in the US, according to the International Energy Agency (IEA) in Paris. In its latest Monthly Oil Market Report, published on 19 January, the agency says that global oil demand is now expected to average 77.4mn b/d in the first quarter of 2001 and 77.3mn b/d for 2001 as...