The
IEA
warned
in
its
monthly
report
on
Wednesday
that
mild
weather,
high
oil
prices
and
a
rising
likelihood
of
a
global
recession
will
depress
demand
in
2012,
Reuters
reported.
Although
worries
about
disruptions
to
Iranian
oil
exports
have
supported
prices,
consumption
fell
in
the
last
quarter
of
2011
year-on-year
due
to
mild
winter
weather
in
the
northern
hemisphere
and
the
overriding
fears
about
an
impending
recession
in
the
euro
zone,
the
IEA
said.
"Two
inherently
destabilising
factors
are
interacting
to
give
an
impression
of
price
stability
that
is
more
apparent
than
real,"…