(EnergyAsia, May 24 2011, Tuesday) — At the same time that it has expressed alarm at declining OPEC production, the International Energy Agency (IEA) has reduced its global oil demand growth forecast for 2011 by 100,000 b/d to 1.3 million b/d.Citing persistent high oil prices and poor prospects for the developed economies, the Paris-based agency…
MARKETS: IEA lowers forecast for 2011 world oil demand growth, pleads for higher OPEC output
Posted on May 24, 2011 by EnergyAsia