Middle East Economic Survey


No 16


IEA Raises 2010 Demand Forecast By 30,000 B/D To 86.6Mn B/D

The International Energy Agency (IEA) has revised its global demand forecast for 2009 downward by 70,000 b/d and raised its 2010 forecast by 30,000 b/d, putting oil demand for this year at 86.6mn b/d in the latest issue of its Oil Market Report, released on 13 April. The IEA said the adjustment for 2009 resulted from revisions to preliminary data in OECD North America, non-OECD...