World Oil Demand Slides Further After Storm Sandy
From Daily Times
In its monthly report on the world oil market, the Paris-based IEA now believes global demand will increase by 670,000 barrels a day in 2012 to 89.6 mbd. This is 60,000 bpd less than assumed a month ago.
For 2013, the IEA slashed its demand forecast by 100,000 bpd to a rise of 830,000 bpd to reach 90.4 mbd.
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