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World oil demand to accelerate: IEA

The Globe and Mail
December 11, 2009

Growth in global oil demand will accelerate next year as the world recovers from economic slowdown, the International Energy Agency said on Friday.  The IEA’s monthly oil market report raised its oil demand growth forecast for 2010 compared with 2009 by 120,000 bpd, saying the increase in fuel consumption was being driven by countries such as India and China and also by the rich industrialized nations of the West.

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