Oil consumption rose by its fastest rate since 2004 last year, according to the latest statistics from BP. The news came as members of the Opec oil cartel failed to agree on increasing oil production as a way of lowering prices. Analysts had expected the Vienna meeting to raise output.
Oil Demand High As Prices Surge
Wed, 06/08/2011 - 9:18am — BBC News - Home
Topics: energy oil oil cartel oil prices opec supply and demand
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