(EnergyAsia, May 26, Tuesday) — For the ninth consecutive month, the International Energy Agency (IEA) has reduced its forecast for world oil demand this year by 200,000 b/d to 83.2 million b/d. The latest forecast is based on expectations for the world GDP to shrink 1.4% this year, with no recovery seen until well into…
MARKETS: IEA’s latest forecast shows world oil demand to fall by 2.9% this year
Posted on May 25, 2009 by EnergyAsia