Iea Lowers Forecast For Global Oil Consumption

Steven Mufson, Washington Post
Fri, 02/10/2012 - 7:38am

The International Energy Agency Friday shaved its forecast for global oil consumption, citing the slowdown in world economic growth. The IEA said it expects oil consumption to rise a relatively meager 800,000 barrels a day, or 0.9 percent, in 2012, according to its latest monthly market report. That would be 300,000 barrels a day less than the IEA forecast just a month ago. Read full article >>

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