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Global oil demand to grow in 2014 as economies strengthen, IEA says
Global oil demand to grow in 2014 as economies strengthen, IEA says

Worldwide demand for oil will increase 1.4% this year as developed economies strengthen, building off a strong final three months of 2013, the International Energy Agency said Tuesday. The projections in the organization's monthly oil market report add to forecasts of a global economic pickup in 2014. Unexpectedly higher demand in the U.S. in the fourth quarter of last year helped boost global oil deliveries by 135,000 barrels a day to an estimated 92.1 million barrels, the report said. PHOTOS: Federal Reserve chairs through the years The increase meant that, after declining 1.1% in 2012, oil demand grew 0.2% last year in the 34 advanced economies that are members of the...

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