IEA raises global oil demand forecast in 2015

FXStreet (Mumbai) - The Paris based International Energy Agency (IEA) on Thursday, raised forecast for global oil demand in 2015 by 280K barrels per day (bpd) to 1.4 million barrels per day.

IEA also raised forecast for non-OPEC oil production growth in 2015 by 195k to 1.0 million barrels per day. IEA report also said that the OPEC group is likely to keep pumping at around 31m bpd during the coming months as middle-east producers preserve market share and meet domestic demand.