IEA: Global oil demand growth to slow in 2016
Global oil demand
Paris - Arab Today
The world's demand for oil is expected to slow in 2016 in response to a more pessimistic outlook for the global economy, the International Energy Agency (IEA) said Tuesday.
"Global demand growth is expected to slow from its five-year high of 1.8 million barrels per day in 2015, to 1.2 mb/d in 2016," or 95.7 million barrels per day, the IEA said in its monthly oil market report.
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