The International Energy Agency has upped its latest estimate of oil demand for 2014 to 92.7 million barrels per day, an increase of 95,000 barrels a day above February's forecast - Reuters Photo.
PARIS: The International Energy Agency (IEA) on Friday raised its forecast for global oil demand in 2014 as the world economic backdrop improves, but warned that the crisis in Ukraine could still drag down consumption.
The latest estimate of 92.7 million barrels per day is an increase of 95,000 barrels a day above last month's forecast, with emerging markets expected to provide most of the gain, the IEA said.
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