LONDON, Sept 12 (Reuters) - Global oil demand is weathering
economic headwinds, the International Energy Agency (IEA) said
on Thursday, buoyed by lower prices brought on by abundant
supply as the United States briefly dethroned Saudi Arabia as
the world's top exporter.
"With oil prices currently about 20% lower than a year ago,
there will be support for consumers," the IEA said in its
monthly report.
"Booming shale production has allowed the U.S. to close in
on, and briefly overtake, Saudi Arabia as the world's top oil
exporter ... in June, after crude exports surged above 3 million
barrels per day."