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Commodities Briefing - Categorized | Oil, Price Watch more

Global slowdown, high prices squeeze oil demand: IEA

Posted on 11 November 2011

World oil demand will be lower than expected this year and next as economic slowdown and high prices curb consumption, the International Energy Agency (IEA) said on Thursday.
The agency, which advises industrialised countries on energy policy, said oil prices had been stubbornly high, helping restrain fuel use in the United States, China and Japan in the and this trend could intensify if economic activity slowed………………………………………..Full Article: Source


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