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Oil demand firm despite high price
- Wednesday, June 14 - 2006 at 07:28
The International Energy Agency says demand for oil remains firm even though high prices are weighing on consumption. World oil supplies rose by 445,000 bpd in May 2006 to 85m barrels. It said there was a growing demand for oil products in developing countries against a flat or declining demand in advanced industrialised countries in the OECD.
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James McInerney, News EditorWednesday, June 14 - 2006 at 07:28 UAE local time (GMT+4)
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