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Oil demand to fall at fastest rate since 1982

Posted on 12 February 2009

From FT: Demand for oil will fall this year at the fastest rate since 1982, the International Energy Agency has forecast.

The rich countries’ energy think-tank has again cut sharply its prediction for world oil demand this year, and now expects it to average 84.7m barrels per day, down 1m b/d from last year, because of the steep downturn in the world economy….. Full Article: Source


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