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IEA ticks up demand forecast for 2014

Posted on 13 September 2013

The International Energy Agency has added 70,000 barrels per day to its prediction for 1.1 million-barrel daily demand growth next year. The Paris-based intergovernmental energy advisors said that next year would see increased demand growth “as the underlying macro-economic backdrop solidifies”.
The move reverses much of a 100,000-barrel cut made by the agency last month from July’s forecast of 1.2 million to 1.1 million as a result of lower GDP expectations from the International Monetary Fund………………………………………..Full Article: Source


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