RTTNews - Thursday, the International Energy Agency, or IEA, revised its forecast for 2009 global oil demand by 0.2 mb/d to 83.2 mb/d from 83.4 mb/d forecast in April.

As prospects of a strong economic recovery later this year remain elusive, the weakness in oil demand is expected to continue, the IEA said in its latest Oil Market Report.

Further, the agency said global oil supply averaged 83.6 mb/d in April, up 230 kb/d versus March on higher OPEC output, which rose 270 kb/d to 28.2 mb/d.

For comments and feedback: contact editorial@rttnews.com