Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessMarketsWorld oil demand to top 90 mn bpd this year: IEA

    World oil demand to top 90 mn bpd this year: IEA

    World oil demand growth will expand faster this year than previously expected, with total consumption topping 90 million barrels per day, the International Energy Agency (IEA) said on Thursday.

    February 10, 2011 / 15:19 IST

    World oil demand growth will expand faster this year than previously expected, with total consumption topping 90 million barrels per day, the International Energy Agency (IEA) said on Thursday.


    The IEA, which advises 28 industrialised countries on energy policy, raised its 2011 forecast for demand growth by 50,000 bpd and said total world consumption would exceed 90 million bpd in the fourth quarter.

    Rising production from the Organization of the Petroleum Exporting Countries (OPEC) will help meet the demand but the IEA warned of the potentially damaging impact on the global economy of a further rise in oil prices.

    first published: Feb 10, 2011 03:12 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347