| 12.12.2008 - US and Japan lead global cut in oil consumption |
| From Timesonline.co.uk: World oil demand is set to fall this year for the first time in 25 years as a broadening economic recession undermines energy consumption. New figures from the International Energy Agency (IEA) yesterday showed that global demand for oil will fall to an average of 85.8 million barrels per day this year - 200,000 barrels lower than in 2007 and representing the first year-on-year decline since 1983. .... Full Article: Source |