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IEA: Global economy woes curb oil demand

Posted on 14 March 2013

The International Energy Agency says global oil demand will shrink this year, following weak world economic growth, a European slowdown and worsening business sentiment from some of the world’s largest oil consumers.
According to the Paris-based agency’s Monthly Oil Market Report published on their website, US budget cuts and negative business sentiment from China will also weigh heavily on worldwide oil demand…………………………………….Full Article: Source


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