PARIS (AFX) – The International Energy Agency (IEA) raised its forecast for global oil demand growth for 2003 by 100,000 barrels per day to 1.11 million, reflecting China’s quicker-than-expected recovery from the effects of the Severe Acute Respiratory Syndrome (SARS) outbreak. The Paris-based agency left its 2004 oil demand growth forecast unchanged at 1.05 million…
MARKETS: IEA raises 2003 global oil demand growth forecast by 100,000 b/pd to 1.11 million
Posted on August 15, 2003 by EnergyAsia