IEA May Cut Oil Demand Forecast Again, Newedge Says

(Bloomberg) — The International Energy Agency, an energy policy adviser to 28 nations, is likely to reduce its 2009 oil demand forecast again, following changes to International Monetary Fund economic predictions, Newedge USA LLC said.

The Paris-based IEA calculates consumption using economic estimates from the IMF, which on Jan. 28 lowered its outlook for 2009 world economic growth to 0.5 percent, from a November forecast of 2.2 percent.


The IMF revision