IEA trims avg 2011 global demand fcst by 200 kbd to 89.3 mbd

Market news

13 September 2011

IEA trims avg 2011 global demand fcst by 200 kbd to 89.3 mbd

IEA cuts avg 2012 global demand fcst by 400 kbd to 90.7 mbd;
IEA trims 2011 avg non-OPEC supply fcst 200 kbd to 52.8 mbd;
IEA trims 2012 avg non-OPEC supply fcst 200 kbd to 53.8 mbd;
August global oil supply rose 1.0 mbd m/m to 89.1 mbd;
August OPEC crude output rose 165 kbd m/m to 30.26 mbd.

UK DATA: Aug CPI +0.6% m/m; +4.5% y/y vs Jul 4.4% y/y; core CPI +3.1% y/y

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