IEA projects more oil demand growth

Market MovementIEA projects more oil demand growthThe International Energy Agency's latest Oil Market Report includes an upward revision to some historical demand figures and a corresponding increase in the call on crude from the Organization of Petroleum Exporting Countries.In addition, the Paris-based agency revised its forecast of global oil demand growth for 2003 to reflect China's quicker-than-expected recovery from the economic damage from the Severe Acute Respiratory Syndrome epidemic, while the demand growth projection for 2004 is unchanged at 1.05 million b/d.Demand revisions IEA revised its baseline demand figures for countries outside the Organization for Economic Coope...

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