IEA trims expected growth in oil demand for 2012/2013 by 300K–400K barrels per day
Green Car Congress
AUGUST 11, 2012
Combined with still-slim OPEC spare capacity, and a series of geopolitical issues confronting several OPEC producers, not least Iran, this has kept crude prices strong through July and early-August. Global oil supply grew by 0.3 Baseline revisions for the FSU, China and Middle East lower absolute demand by 0.3 mb/d m-o-m to 90.7
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