(EnergyAsia, June 16, Monday) — The International Energy Agency (IEA) has reduced its forecast for world oil consumption this year to 86.8 million b/d, down from its previous forecast of 87.6 million b/d. The Paris-based agency attributed the downward revision to the reduction in fuel subsidies in several countries, mostly in Asia, in response to…
MARKETS: IEA continues to reduce forecast for world oil demand
Posted on June 15, 2008 by EnergyAsia