Text Version
RSS Feeds
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  -Text Version
  -RSS Feeds
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
IEA revises upwards global oil demand forecasts in 2009, 2010
+ -
08:56, August 13, 2009

Click the "PLAY" button and listen. Do you like the online audio service here?
Good, I like it
Just so so
I don't like it
No interest
 Related News
 Global electricity demand expected to decline for first time since 1945: IEA
 IEA cuts global oil demand forecasts
 IEA warns of tight oil market in medium term
 IEA: oil market remains tight in medium term
 IEA says oil market to remain tight in medium term
 Comment  Tell A Friend
 Print Format  Save Article
The International Energy Agency (IEA)revised upwards its global oil demand forecasts for 2009 and 2010,seeing strong economic growth in China, according to a report released by the agency Wednesday.

In the report, the IEA saw economic recovery outside developed countries of Organization for Economic Co-operation and Development (OECD) "promoting a demand rebound in 2010."

The Paris based agency said Chinese demand had "rebounded" and expected China's oil demand to average 8.1 million barrels per day in 2009 and 8.4 million barrels per day in 2010.

The IEA revised upwards the global oil demand by 190,000 barrels per day for this year, and 70,000 barrels for 2010.

"This barely dents the sharp demand contraction to 83.94 mbd expected this year, while growth in 2010 is slightly lower than previously estimated, at plus 1.6 percent or 1.3 mbd to 85.25 mbd," said the IEA in its report, but noticing that it is still lower 2.7 percent than in 2008.

Oil prices stood below 70 U.S. dollars a barrel on Wednesday.

On Tuesday, the Organization of Petroleum Exporting Countries (OPEC) said the world would need less oil than previous estimated for 2010, and the U.S. Energy Information Administration (EIA) revised downwards its global oil demand forecasts for 2009.

Source: Xinhua

  Your Message:   Most Commented:
Chinese netizens call for punishing Turkey
Al-Qaida threatens Chinese abroad
Public angered by Turkish PM's 'genocide' accusation
Is Washington playing a deeper game with China?
Chinese, Turkish FMs hold phone talks on ties, Urumqi riots

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved