ZCZC
BCN-30
ENERGY-OIL-IAE
IEA lowers its growth forecast in oil demand for 2018, 2019
PARIS, Oct 12, 2018 (BSS/AFP) – The International Energy Agency on Friday
revised lower its growth forecast in global oil demand for 2018 and 2019,
citing high prices, trade tensions and a less favorable economic outlook.
The estimated growth in global demand has been reduced by 110,000 barrels
per day for each of the two years. This growth is expected to be 1.3 million
bpd this year, then 1.4 million bpd in 2019.
BSS/AFP/HR/1420