Arab Today, arab today iea slashes oil demand forecast
Last Updated : GMT 22:01:08
Arab Today, arab today
Arab Today, arab today

IEA slashes oil demand forecast

Arab Today, arab today

Arab Today, arab today IEA slashes oil demand forecast

London - Arabstoday

The International Energy Agency (IEA) trimmed global oil demand forecasts for a second month amid \'elusive\' economic growth, and warned that Venezuela\'s oil industry may suffer following death of leader Hugo Chavez. The agency curbed estimates for global fuel consumption in 2013 by 60,000 barrels a day, predicting demand will increase by 820,000 barrels a day, or 0.9 per cent, to 90.6 million barrels. Venezuela, Opec\'s fourth-biggest producer, \"could see a further degradation of the state oil company and the country\'s oil prospects\" if Vice-President Nicolas Maduro is elected to succeed Chavez next month, the IEA said in its monthly report. \"We still have the debt crisis in Europe, in the United States, and the fact that oil prices have not come up shows how bearish the situation is,\" said Gerrit Zambo, an oil trader at Bayerishes Landesbank in Munich. \"The fundamental situation is well- supplied, and there\'s no danger of shortages.\" Brent futures have lost 1.3 per cent this year, trading at about $110 a barrel in London yesterday. Worsening unemployment in Europe as the continent struggles to move beyond its debt crisis, faltering business confidence in China and budget cuts in the US will continue to constrain oil demand, the IEA said. Prices are high enough to limit fuel consumption, it said. time of oman

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 slashes oil demand forecast Arab Today, arab today iea slashes oil demand forecast

 



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 slashes oil demand forecast Arab Today, arab today iea slashes oil demand forecast

 



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