Saturday, January 19, 2013

Oil demand in 2012 expected up 1% mainly due to China - IEA. Let's not.

International Energy Agency - Oil Market Report: "The world is forecast to consume 90.8 mb/d of oil in 2013, 240 kb/d more than in last month’s report and 930 kb/d (1.0%) up on 2012. A raised 4Q12 demand estimate and heightened expectations for China are the main contributors to the hike."

'via Blog this'

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