The IEA has lowered its 2011 global oil demand growth forecast by 190,00 b/d to 1.3mn b/d in its latest Oil Market Report (OMR), on high prices and weaker IMF projections for devel oped economies. OECD demand growth for 2011 is revised down by 210,000 b/d to minus 230,000 b/d, on “slightly weaker prospects for North America, where high oil prices may have finally begun to dent demand”.
展开▼