oil demand

World Oil Demand Will Be Lower Than Expected in 2011

World demand for oil will increase in the final months of 2010, but will be lower than expected in 2011, The International Energy Agency said. The IEA cut its forecast for 2011 demand to 1.21 million barrels per day, from 1.27 million bpd, Reuters reported. The agency also increased its estimate for 2010 by 260,00 bpd, citing factors such as heating oil restocking.

Demand for Oil Could Fall in 2011 Amid Slowdown

Global oil demand growth is expected to increase a little this year but slip in 2011 as fuel stockpiles surge and concern persists that economic growth could falter, the International Energy Agency said on Friday.

World Oil Demand Expected to Rise 1.6% in 2011

World oil demand will rise 1.6% in 2011, driven by economic growth in developing countries, the International Energy Agency said. In its first detailed assessment of the 2011 period, the Paris-based agency forecast oil demand rising to 87.8 million barrels a day, the Associated Press reported. Demand from emerging economies such as China and India will climb 3.8% from 2010.