News Headline Summary

IEA raises 2012 global oil demand growth forecast by 130,000bpd to 800,000bpd

- Raises 2013 growth forecast by 35,000bpd to 865,000bpd.
- Raises global oil demand forecasts for 2012 and 2013 by 70,000bpd to 89.66mln bpd and 110,000bpd to 90.52mln bpd respectively.
- Raises estimate of non-OPEC oil supply growth in 2013 by 30,000bpd to 890,000bpd.

Reaction details (09:04)

- No immediate reaction to the news in WTI and Brent crude futures although both trade near the highs of the day.

12 Dec 2012 - 09:00 - Energy - Source: Newswires

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: