Middle East Economic Survey


No 26


IEA Medium Term Forecast Sees Demand Growing By 1.2Mn B/D Annually To 2015

Global oil products demand is seen as increasing by 1.4% or 1.2mn b/d per year on average between 2009 and 2015, from 84.8mn b/d to 91.9mn b/d, the International Energy Agency (IEA) forecast in the latest edition of its Medium-Term Oil and Gas Markets 2010, released on 23 June. The agency said its prognosis is based on the IMFs April economic forecast, which sees...