12 September 2012 09:22 [Source: ICIS news]
Its demand growth forecasts are little changed at around 800,000 bbl/day for the two years, it said in its oil markets report.
IEA said that oil demand in the second quarter grew by 1.2m bbl/day, buoyed by Japanese utility burning fuel to produce power after idling nuclear generators.
Global oil supply in August fell by 100,000 bbl/day from the previous month to 90.8m bbl/day, it said.
The IEA said that crude oil imports from
In the current quarter, the IEA expects the “call on OPEC crude and stock change” to rise by 1.3m bbl/day to 31.1m bb/day, “on the back of a seasonal, quarter-on-quarter uptick in demand of 1.4 m bbl/day”.
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