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Stronger-than-expected demand to drive oil prices, experts say

01/17/2011
Nick SnowWashington EditorStronger-than-anticipated global demand apparently is the main reason crude oil prices began to rise late in 2010, four experts suggested. Growth in China has been particularly robust, they agreed.More details will emerge when the US Energy Information Administration issues its latest Short-Term Energy Outlook on Jan. 11 and the International Energy Agency publishes its next Monthly Oil Report on Jan. 18. But IEA Chief Economist Fatih Birol warned on Jan. 5 that a recovering global economy faces a threat from rising crude prices."Oil prices are entering a dangerous zone for the global economy," Birol said. "The oil import bills are becoming a threa...
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