Stock Market News
Prices
IAE ups oil demand estimates
12-03-2010 17:09
| Add To Google +1 | Tweet |
Expectations of strong growth in China and other fast-growing economies prompted the International Energy Agency (IEA) to raise its forecasts for global oil demand for 2009 and 2010.
The IEA has increased its daily consumption estimates by 70,000 barrels a day for both the current and last year.
It thinks oil demand this year will rise by 1.6m barrels a day year-on-year. It now estimates demand was 1.2m barrels a day last year, down by 1.4% from the previous year.
The IEA estimates that demand for oil in January jumped by 28% from the same month the previous year.
It still estimates oil demand from developed countries to fall by 0.3%.
The IEA has increased its daily consumption estimates by 70,000 barrels a day for both the current and last year.
It thinks oil demand this year will rise by 1.6m barrels a day year-on-year. It now estimates demand was 1.2m barrels a day last year, down by 1.4% from the previous year.
The IEA estimates that demand for oil in January jumped by 28% from the same month the previous year.
It still estimates oil demand from developed countries to fall by 0.3%.
| Related share prices |
|---|
Stock News is provided by Digital Look Corporate Solutions from Sharecast news. Please read the terms and conditions of useage of this data. Republication or redistribution of content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Digital Look Ltd.
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
| Enter share symbol |
| Search share prices A to Z |
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- UK 100 Shares
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways share price
- Centrica share price
- Tesco share price
- National Grid share price
- RBS share price
- GSK share price
- Marks and Spencer
- Rolls Royce share price
- Banco Santander price
- Rio Tinto share price
- Amec Share price
- Corac share price
- Lookers share price
- Telecom plus share price
- Kier share price
- Punch taverns price
- Blinkx share price
- Tan share price
- Yell share price
- Rsa share price
- Pendragon share price
- Logica share price
- Bat share price
- Sky share price
- Kingfisher share price
- Dragon Oil share price
- Desire Petroleum share price
- RRL share price
- BPC share price
- VOG share price
- SAR share price