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OIL - USA - IEA Market Report, demand growth for the year by 0.1%
IEA Forecasts Small Growth in Oil Supply Outpacing Slighter Growth in Demand
USA -Green Car Congress -May 12 2005: -- In its current Oil Market Report, the IEA (Internatinal Energy Ass.), noted that demand growth for oil is easing in China, the US and Europe. This easing in pressure was offset by increased demand in Asia-Pacific countries, the Former Soviet Union, and the Middle East... Overall, the IEA nudged up its estimate of demand growth for the year by 0.1 percentage point from last month’s forecast to 2.2% from 2.1%. This rounds off to 84.3 million barrels per day...
posted by Unknown @ 11:34 AM
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