Comment on IEA lowers forecast for global oil consumption

IEA lowers forecast for global oil consumption

The International Energy Agency Friday shaved its forecast for global oil consumption, citing the slowdown in world economic growth. The IEA said it expects oil consumption to rise a relatively meager 800,000 barrels a day, or 0.9 percent, in 2012, according to its latest monthly market report. That would be 300,000 barrels a day less than the IEA forecast just a month ago. Read full article >>

 

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