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Global Markets To Remain Tight Through 2012, Says EIA

Global oil markets will continue to remain tight through 2012 and the price of WTI is expected to average $104/B, the US Energy Information Administration (EIA) said in its latest Short-Term Energy Outlook, released on 8 May. World liquid fuels consumption increased by some 800,000 b/d in 2011, the EIA said, adding that consumption is seen as growing by 1.0mn b/d in 2012 and by 1.2mn b/d in...