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

|By:, SA News Editor

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.