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Slowing Asia growth adds to oil market uncertainty, IEA says

Posted on 22 October 2012

Slowing economic growth in Asia is adding to uncertainty in the oil market, according to the executive director of the International Energy Agency. The world is becoming increasingly dependent on Asia to supply oil products, the IEA’s Maria van der Hoeven said.
The IEA has lowered its forecast for global demand growth for 2012 by 500,000 barrels a day, partly because of signs of slowing in China, the Paris-based agency said in its Medium Term Oil Market Report………………………………………..Full Article: Source


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