The IEA said in its monthly report released on Thursday demand on oil next year is likely to face a slowdown due to the weak economic recovery. Demand on oil is expected to increase by 1 million barrels in 2013, following the rise of 0.8 million barrels this year. Although the rise in higher in 2013, yet it is still below the pre-credit crunch growth trend.
Source: http://www.albawaba.com/business/oil-demand-iea-433680
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