IEA: oil demand rebound next year

International Energy Agency (IEA) report published yesterday, the forecast of global oil demand will rebound next year, with the global economy to recover gradually from the recession, oil demand experienced since the early 1980s after the biggest drop since the future will be pick-up.

IEA, in its the first time in 2010 to predict the demand for the monthly report that global oil consumption next year will increase 1.4 million barrels per day, or 1.7 percent, to 85.2 million barrels, mainly from growth in economic cooperation and Development (OECD) member countries other than the emerging markets.

Market was looking forward to the Government launched a global program could save the city from the sixties to the most serious recession, oil prices at the beginning of this year, an increase of three percent, but market worries about the recovery efforts, once again yesterday, oil below 60 U.S. dollars, low-see 59.5 U.S. dollars. Last year, today, oil prices have been high in the all-time high of 147.27 U.S. dollars.

Jul. 11, 2009