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Saturday, October 20, 2018

IEA HAS REDUCED 2000 OIL DEMAND PROJECTIONS DUE TO HIGHER OIL PRICE

Due to the higher oil prices IEA has reduced the estimated demand growth this year by 0.2 mbd to 0.9 mbd, reflecting a weakness in non-OECD demand particularly for China and India. Yet total world oil demand is estimated to increase by 1.3% over that calculated for 1999.

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