New Projection for Global Oil Demand Trends Upward
The IEA Oil Market Report for April raised its forecast of 2015 global oil demand by 90 000 bpd to 93.6 million bpd, a gain of 1.1 million bpd on the year. The notable acceleration from 2014’s 0.7 million bpd growth builds on cold first quarter temperatures and a steadily improving global economic backdrop. […]