Monday, July 16, 2012

Oil demand will reflect weak economic recovery by 2013

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.

IEA
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Source: http://www.albawaba.com/business/oil-demand-iea-433680

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