PARIS (AFX) – The International Energy Agency lowered its assessment of worldwide growth in demand for oil this year and next in the face of persistent economic weakness in the US and other industrialised nations. The IEA, a Paris-based body promoting energy cooperation and research, lowered its 2002 demand-growth evaluation by 50,000 barrels a day…
MARKETS: IEA cuts oil demand forecasts, citing global sluggishness
Posted on October 22, 2002 by EnergyAsia