IEA predicts 1.6% rise in global oil demand in 2011

14 July 2010

According to the International Energy Agency (IEA), non-industrialised countries outside of the OECD region are expected to drive growth of global demand for crude oil next year by 1.6%, or 1.3 million barrels per day (b/d), Kuna has reported. Meanwhile, demand growth for crude in 2010 is still forecast to rise by 2.1% to 1.8 million b/d, as world economies bounce back from the economic recession a year earlier, IEA said in its Monthly Oil Market Report.

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