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IEA lowers its forecast for global oil demand growth in 2016

September 13, 19:31 UTC+3 PARIS
Forecast for growth of global oil demand in 2016 was reduced by 100,000 barrels per day to 1.3 mln barrels per day
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PARIS, September 13. /TASS/. The International Energy Agency (IEA) lowered its forecast for global oil demand in 2016 to 200,000 barrels per day compared with the August forecast to 96.1 mln barrels per day, according to the September report of the agency.

At the same time, forecast for growth of global oil demand in 2016 was reduced by 100,000 barrels per day to 1.3 mln barrels per day.

The IEA forecast for global oil demand growth rate in 2017 will be 100,000 barrels per day lower than in 2016 and will total 1.2 mln barrels per day.

The volume of global demand in 2017 will total 97.3 mln barrels a day, which is 200,000 barrels per day lower than the August forecast of the IEA.

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