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Oil demand in 2013 to rise as world economy recovers, IEA says

Posted on 13 December 2012

Improving economic conditions in China and the US will increase demand by 865,000 barrels, agency forecasts. The International Energy Agency (IEA) has raised its estimates for oil demand next year but says soaring shale production in America should ensure there are no shortages in supply.
Improving economic conditions in China and the US is likely to result in about 865,000 barrels of extra crude demand during 2013, to reach total consumption to 90.5m barrels a day, according to the IEA’s latest oil report………………………………………..Full Article: Source


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