The IEA raises its forecast for 2011 global oil demand, pointing to improved global economic...


The IEA raises its forecast for 2011 global oil demand, pointing to improved global economic growth. The new forecast is for demand growth to expand by 1.4M barrels/day to 89.1M bpd this year. Yesterday, OPEC raised its 2011 demand estimates as well.

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Comments (2)
  • youngman442002
    , contributor
    Comments (5123) | Send Message
     
    That should put it over 100$.....no inflation here...just higher expenses..that is different you know
    18 Jan 2011, 08:28 AM Reply Like
  • nfantis
    , contributor
    Comments (89) | Send Message
     
    The can count on demand plummeting again if gas starts crossing the $4/gallon mark again.
    18 Jan 2011, 08:51 AM Reply Like
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