Oil climbed as Thanksgiving retail sales advanced to a record in the U.S., a signal of economic growth in the world’s biggest crude-consuming country.
Showing posts with label global oil. Show all posts
Showing posts with label global oil. Show all posts
Thursday, December 1, 2011
Wednesday, October 12, 2011
IEA expects lower global oil demand for 2011/12 on downward growth
PARIS, Oct. 12 (Xinhua) -- The International Energy Agency on Wednesday revised down global oil demand projection for 2011 and 2012, based on "lower-than-expected" third quarter readings in the non-OECD area and a downward global growth assumption.
In its new oil market report, the Paris-based IEA put global oil demand down by 50,000 barrels per day (bpd) to an average of 89.2 million bpd for 2011, and down by 210,000 bpd to 90.5 million bpd for 2012.
In its new oil market report, the Paris-based IEA put global oil demand down by 50,000 barrels per day (bpd) to an average of 89.2 million bpd for 2011, and down by 210,000 bpd to 90.5 million bpd for 2012.
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