IEA increases oil demand outlook

The International Energy Agency on Mar. 11 raised its global oil demand forecast by 330,000 b/d to 84.3 million b/d for 2005, a 2.2% annual growth rate, because of �very cold weather in late February and early March, a more robust view of US economic growth, and the impact of this and other factors on China�s oil demand growth prospects.�

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