Thursday, June 14, 2007
LONDON - World oil demand will rise more quickly this year than previously thought, the International Energy Agency said on Tuesday, adding weight to consumer nations’ calls for more OPEC oil.
In its June monthly report, the adviser to 26 industrialized countries lifted its forecast for 2007 growth in world oil demand to 1.7 million barrels per day (bpd) or two percent, up 200,000 bpd from the previous forecast.
In its June monthly report, the adviser to 26 industrialized countries lifted its forecast for 2007 growth in world oil demand to 1.7 million barrels per day (bpd) or two percent, up 200,000 bpd from the previous forecast.
Source : MSNBC