Arab Today, arab today iea forecasts rise in oil demand in q4
Last Updated : GMT 11:36:57
Arab Today, arab today
Arab Today, arab today

IEA forecasts rise in oil demand in Q4

Arab Today, arab today

Arab Today, arab today IEA forecasts rise in oil demand in Q4

Paris - XINHUA

The International Energy Agency (IEA) on Wednesday projected an increase in global oil demand at around 90.5 mb/d in fourth quarter of this year, 435 kb/d more than forecast last month. The rising forecast was boosted by the increased demand in China and based on the stronger-than-expected October preliminary demand data, IEA said in its latest Oil Market Report (OMR), a monthly publication which provides a view of the state of the international oil market and projections for oil supply and demand 12-18 months ahead. However, demand risks still challenge the oil market as \"global economic expansion remains tepid,\" the outlook for demand growth in 2013 remains \"relatively sluggish\", at 900,000 barrels a day (900 kb/d), IEA projected. As for production, the energy organization noted that oil production of NON-OPEC \"bounced back by 0.7 mb/d in November on the month, to 54 mb/d after fields in the North Sea and Brazil returned from maintenance.\" IEA remained optimistic with the oil production in the United States as its output also rose steeply and \"will contribute to an aggregate non-OPEC increase of 0.9 mb/d to 54.2 mb/d in 2013, the highest growth rate since 2010.\" Meanwhile, the crude oil supply in OPEC inched up in November, led by higher output from Saudi Arabia, Angola, Algeria and Libya, but the output remained constrained in Nigeria by severe flooding and sabotage, and in Iran by \"shipping constraints and stepped-up sanctions.\" \"Compared with a year ago, global supplies were 1.9 mb/d higher, with increased OPEC supplies accounting for 70 percent of the year-on-year growth,\" IEA reported. On the same day, OPEC agreed to keep the cartel\'s oil production limit of 30 million barrels per day, given the weakness and uncertainty of the world economy in 2013.  

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today iea forecasts rise in oil demand in q4 Arab Today, arab today iea forecasts rise in oil demand in q4

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Haifa Wahby bets on her new drama show

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:38 2017 Friday ,24 March

Pass health bill Friday or he'll move on

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday