Middle East Economic Survey


No 47


IEA Raises Global Oil Demand Forecast To 87.3Mn B/D In 2010, 88.5Mn B/D In 2011

The International Energy Agency (IEA) has forecast global oil demand growth for 2010 to increase by 200,000 b/d to 2.3mn b/d or 2.8% year-on-year, mostly on higher than expected third quarter data in the OECD, as well as slightly stronger readings in the non-OECD, the agency said in the latest issue of its Oil Market Report (OMR), released on 12 November....