IEA remains steady on global oil demand for 2010
The International Energy Agency (IEA) has stuck to its previous forecast for global oil demand in 2010, following two consecutive upwards revisions, but has lowered its 2009 estimates based on adjusted official data.
Paris-based IEA knocked global oil demand downwards for 2009 by 70,000 barrels per day (b/d), with oil demand now estimated at 84.9 million b/d for last year, after revisions to preliminary data from Organisation for Economic Co-operation and Development North America, non‐OECD Asia and African countries were weaker than previously anticipated.
However, the IEA says global oil demand in 2010 will remain at 86.6 million b/d in 2010, stemming from higher‐than‐expected data from OECD North America
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