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IEA cuts world oil demand forecast again

Posted on 12 February 2009

From AFP: The International Energy Agency cut its forecast again for global oil demand this year on Wednesday, but warned about a future supply crunch because of current low investment levels.

The energy watchdog for industrialised nations forecast that global oil demand would measure 84.7 million barrels per day (bpd) on average in 2009 — 570,000 bpd less than its last forecast made in January….. Full Article: Source


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