forecast for world oil demand this year to 85.3 million b/d, down by one million b/d from its previous estimate. World oil demand will slump as world GDP is expected to grow by only 1.2%, down from an earlier forecast of 2.4%. The agency said world oil demand is now projected to slump by 0.6%…
MARKETS: IEA forecasts world oil demand to fall by 500,000 b/d this year
Posted on January 21, 2009 by EnergyAsia