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Global oil demand risk for 2006 surfaces with IEA report.(International Energy Agency)
Publication: Oil and Gas Investor Publication Date: 01-JUN-06 Author: Toal, Brian A.
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COPYRIGHT 2006 Hart Publications, Inc.
Global oil demand this year might not be as high as earlier thought, according to one leading crude-markets tracker.
Going into this spring, the International Energy Agency (IEA) reduced its 2006 global demand growth estimate for crude from an earlier 1.78 million barrels per day to 1.49 million--a drop of nearly 300,000 barrels.
Paris-based IEA, which acts as energy-policy advisor for 26 member countries around the world, expects global oil demand to average 84.74 million barrels per...
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