| 30.06.2009 - IEA cuts oil demand forecast |
| From Arabnews.com: The International Energy Agency yesterday cut sharply its medium-term forecast for oil demand because of economic recession, but said the threat of a supply crunch had only receded, not gone away. The adviser to 28 developed countries said in a report demand will expand by 0.6 percent, or 540,000 barrels per day (bpd) on average, between 2008 and 2014........Full Article: Source |