OGJ Newsletter

01/24/2011
GENERAL INTEREST — Quick TakesIEA boosts call for OPEC oil on demand forecastWorldwide oil demand is revised upward for 2010 and 2011 due mostly to buoyant global economic growth but also to cold weather in the northern hemisphere, the International Energy Agency said in its latest monthly Oil Market Report.The Paris-based agency raised its assessments by 320,000 b/d from a month ago and now puts average oil demand at 87.7 million b/d in 2010, up 2.7 million b/d from a year earlier, and at 89.1 million b/d this year.Oil demand among Organization for Economic Cooperation and Development member countries is estimated at 46.1 million b/d for 2010, up from 45.4 million b/d in 2009. IEA ...
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