Arab Today, arab today iea sees 09 growth in 2013 oil demand
Last Updated : GMT 21:50:13
Arab Today, arab today
Arab Today, arab today

IEA sees 0.9% growth in 2013 oil demand

Arab Today, arab today

Arab Today, arab today IEA sees 0.9% growth in 2013 oil demand

Paris - AFP

The International Energy Agency forecast on Wednesday that global demand for oil would grow at a weak pace of 0.9 percent this year amid uncertainty generated by the US budget negotiations, slower-than-anticipated Chinese business activity and chronically high unemployment in Europe. The IEA\'s estimated nominal growth figure of 820,000 barrels per day contrasted with average growth in demand of 1.4 million b/d in non-recessionary years, a monthly report said. \"The macroeconomic environment underpinning oil demand, as of yet, shows little sign of short-term improvement,\" the report said. \"A string of recent developments, including the US sequester, worsening Chinese business sentiment and continued deterioration in European employment lend support to the IEA’s demand growth forecast,\" it added. Global supply inched up in February meanwhile by 90,000 b/d to 90.8 million b/d, owing in large part to higher OPEC output that resulted from increased Iraqi oil supply the agency said. Commercial oil holdings among OECD member countries rebounded by 22.5 mb/d to 2.689 billion b/d at the end of January, with stocks covering 30.7 days of demand, slightly higher than in the previous month. Finally, the IEA estimated that global refining output would decrease to 74.8 mb/d owing to \"heavy US refinery maintenance and sluggish refining activity in Europe.\"

arabstoday
arabstoday

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 sees 09 growth in 2013 oil demand Arab Today, arab today iea sees 09 growth in 2013 oil demand

 



Arab Today, arab today

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 sees 09 growth in 2013 oil demand Arab Today, arab today iea sees 09 growth in 2013 oil demand

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
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