| From Financialexpress.com: World oil demand growth will return in 2009 after shrinking this year for the first time since 1983 due to the global economic slowdown, the International Energy Agency (IEA) said on Thursday.
The IEA's view is in stark contrast to the US Energy Information Administration, which on Tuesday said demand is expected to shrink by 450,000 barrels per day in 2009 following a predicted 50,000 bpd decline in 2008. In its monthly report, the Paris-basd IEA cut its 2008 oil demand estimate by 350,000 bpd to 85.8 million bpd -- a 200,000 bpd year-on-year fall. .... Full Article: Source
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