IEA raises forecast for global oil demand in 2014

PARIS: Global oil demand will rise faster than expected this year, the IEA forecast on Tuesday, reporting that consumption accelerated at the end of 2013 as advanced economies led by the United...

AFP

January 21, 2014

IEA raises forecast for global oil demand in 2014

PARIS: Global oil demand will rise faster than expected this year, the IEA forecast on Tuesday, reporting that consumption accelerated at the end of 2013 as advanced economies led by the United States recovered.

But growth of Chinese demand slowed down in the second half of 2013, the International Energy Agency said. (AFP)