iea holds oil demand forecast sees market pressures easing
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

IEA holds oil demand forecast, sees market pressures easing

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Arab Today, arab today IEA holds oil demand forecast, sees market pressures easing

Paris - AFP
The IEA maintained its forecast of moderate oil demand growth this year but said on Thursday that a tighter market trend since 2009 seems to have eased after a first-quarter rise in global stocks. "Acknowledging that data remain preliminary, first quarter 2012 fundamentals nonetheless show a clear shift from the seemingly relentless tightening evident over the prior 10 quarters," the International Energy Agency said.
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