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Commodities Briefing - Categorized | Market Moves, Oil more

Oil market tight despite slowdown, IEA says

Posted on 11 November 2011

World oil demand will be a bit lower than expected this year and next as economic slowdown and high prices curb consumption but the oil market is strong and supply remains tight, the International Energy Agency (IEA) said on Thursday.
The agency, which advises more than two dozen wealthy industrialized countries on energy policy, said demand for oil from the Organization of the Petroleum Exporting Countries (OPEC) was running ahead of output………………………………………..Full Article: Source


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