Middle East Economic Survey
VOL. LIII
No 33
16-Aug-2010
IEA Raises Forecast For 2010 And 2011 Crude Oil Demand
The International Energy Agency (IEA) revised upward its forecast for global oil demand for 2010 and 2011 to 86.6mn b/d and 87.9mn b/d respectively in the latest issue of its Oil Market Report (OMR), released on 11 August. Forecast for global demand for 2010 and 2011 is revised up by 80,000 b/d and 50,000 b/d, respectively, on slightly higher economic assumptions and baseline...
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