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Commodities Briefing - Categorized | Market Pulse, Oil more

IEA trims 2011 oil demand, warns of oil price shock

Posted on 16 March 2011

From Moneycontrol.com: Global oil demand will be lower than previously forecast in 2011 as high oil prices begin to have a toll on the global economy, the International Energy Agency (IEA) said on Tuesday.
The IEA, which advises 28 industrialised countries on energy policy, also said OPEC’s production fell only slightly in February as the organisation’s members stepped in to compensate for the loss of Libyan output……………………………………….Full Article: Source


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