rise by 1.9% to 87.6 million b/d. This is about 200,000 b/d or 0.4 percentage points below its earlier forecast after taking into account the latest signs that the US economy has weakened further. The world economy is growing at its weakest pace since 2003 this year on the spreading impact of the US credit…
MARKETS: IEA predicts world oil demand to grow 1.9% to 87.6 million b/d this year
Posted on February 27, 2008 by EnergyAsia