IEA affirms forecast for rising oil demand
(AP) — The International Energy Agency on Friday held steady its forecast for world oil demand this year, predicting a rebound in consumption led largely by developing economies in Asia.
The Paris-based IEA, which advises oil-consuming countries, predicted in its monthly report that oil demand will average 86.3 million barrels a day this year, or 1.4 million barrels a day more than in 2009.
That was unchanged from the IEA's previous report in December. The estimate for 2009 was also unchanged at 84.9 million barrels a day, the IEA said.
"Growth is driven by non-OECD countries, most notably in Asia," the report said. It forecast oil demand recovery in the industrialized countries will remain sluggish, despite a recent cold snap that has lifted energy demand.
Sarra Sounds Off, Season 3, Ep 4: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Nassau Conference II football matchup between Calhoun at Carey, plus the comeback story of New Hyde Park's Gabriel Peter, an update on the high school fantasy football standings and the plays of the week.
Sarra Sounds Off, Season 3, Ep 4: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Nassau Conference II football matchup between Calhoun at Carey, plus the comeback story of New Hyde Park's Gabriel Peter, an update on the high school fantasy football standings and the plays of the week.
