Middle East Economic Survey


No 24


IEA Raises Global Oil Demand Forecast For 2010 By 60,000 B/D To 86.4Mn B/D

The International Energy Agency (IEA) revised its global oil demand forecast for 2010 upward by 60,000 b/d to 86.4mn b/d in its latest monthly Oil Market Report (OMR), released on 10 June. Its forecast for global oil demand in 2009 remained unchanged at 84.8mn b/d. The IEA said the adjustment results largely from stronger than expected preliminary data in the OECD,...