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IEA trims oil demand forecast
- Wednesday, June 11 - 2008 at 11:34
The International Energy Agency has cut its forecast for global oil demand for a fifth month as high prices continue to curb consumption, reported Bloomberg. The IEA reduced its 2008 forecast by about 70,000 barrels a day to 86.77 million barrels a day from 86.84 million last month. Demand growth for this year is now at 0.9%.
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Jeff Florian, Senior ReporterWednesday, June 11 - 2008 at 11:34 UAE local time (GMT+4)
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