IEA Leaves 06 World Oil Demand Outlook Unch at 84.8M B/D

Schlumberger – The International Energy Agency Friday trimmed its global oil demand growth estimate for this year to its lowest level since it began its forecasts, led by shrinking demand in developed industrialized nations, but with China offsetting much of the impact.

The energy security watchdog for the Organisation for Economic Cooperation and Development in its latest monthly report tweaked lower world oil demand growth for this year to 1.19 million barrels a day against last year, the lowest figure since it started issuing 2006 growth estimates a year ago.
Schlumberger