IEA Sees Chinese Demand Strength Driving Call On OPEC
Consumer Energy Watchdog, the International Energy Agency (IEA) has radically revised upwards its view on demand for the last quarter. Driven largely by evidence of stronger Chinese and Latin American demand, the IEA in its latest monthly Oil Market Report now sees global oil demand in 4Q12 some 700,000 b/d higher than it did in last month’s report. It has upgraded its projection for the 4Q12...
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