(EnergyAsia, December 28, Friday) — World oil stockpiles are expected to slip below their five-year average just as demand continues to hit another record high next year, said the International Energy Agency (IEA).In its recently monthly report, the Paris-based agency said world oil demand is expected to climb by 2.3% in 2008 after rising 2.5%…
MARKETS: IEA predicts world oil stockpile to decline while demand continues to climb
Posted on December 27, 2007 by EnergyAsia