Middle East Economic Survey


No 38


IEA Raises 2010 Crude Oil Demand Forecast By 50,000 B/D, 2011 Unchanged

The International Energy Agency (IEA) has revised upward by 50,000 b/d its global crude oil demand forecast for 2010 to 86.6mn b/d, but left its 2011 forecast unchanged at 87.9mn b/d. The changes stem from OECD readings, with the non-OECD posting marginal downward adjustments, the Paris-based agency said in the latest issue of its monthly Oil Market Report, released on...