| 15.06.2012 - Crude oil demand in 2012 to witness lowest growth since 2009: BofAML |
| Demand destruction continues to happen in crude oil in Asia, Europe and US markets and hence demand growth is expected to fall to 740, 000 barrels per day in 2012, the lowest since 2009, according to Bank of America Merrill Lynch (BofAML). Global GDP growth is expected to be 3.3% in 2012 and leading indicators point to continued weakness in Oil demand this year, BofAML said...............................................Full Article: Source |