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  • From: Rob <becida AT comcast.net>
  • To: homestead AT lists.ibiblio.org
  • Subject: [Homestead] Oil demand ‘rising faster than expected’
  • Date: Wed, 13 Jun 2007 05:41:35 -0700



http://www.ft.com/cms/s/76a4c516-18d6-11dc-a961-000b5df10621.html

>>World oil demand is rising faster than previously expected while non-Opec supply is growing more slowly, the International Energy Agency has said in its latest monthly assessment of the market.

The IEA now expects demand for oil to rise by 1.7m barrels a day this year compared to last year – an increase of about 2 per cent – and non-Opec oil supply to rise by just 900,000 b/d. That rise in demand is 167,000 b/d more than the IEA had previously estimated, while the rise in non-Opec supply is 97,000 b/d less.<<





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