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IEA Raises FY13 Oil Demand Outlook; Updates FY14 Expectations
December 11, 2013 7:21 AM ESTThe International Energy Agency's (IEA) Oil Market Report for December published Wednesday, December 11, 2013, raised the estimate of global oil demand for 2013 by 130 000 barrels per day (130 kb/d), to 91.2 million barrels per day (mb/d), on stronger-than-expected third-quarter demand growth among OECD countries of 320 kb/d. Global demand is now seen advancing by 1.2 mb/d in both 2013 and 2014, to reach 92.4... More
