IEA Cuts 2012 Global Oil Demand Growth Forecast

By Monica Gerson
Benzinga Staff Writer
February 10, 2012 5:29 AM

Posted in: News

The International Energy Agency cut its target for 2012 global oil demand growth.

The International Energy Agency lowered oil demand growth forecast to 800,000 barrels a day, versus its earlier outlook of 1.1 million barrels a day. It now projects global GDP growth of 3.3% for 2012, versus 4.0% level assumed since September.

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IEA Cuts 2012 Global Oil Demand Growth Forecast

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