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IEA report reveals remarkable slowdown oil demand growth

2014-09-12 09:58:00| Climate Ark Climate Change & Global Warming Newsfeed

Blue and Green: The International Energy Agency (IEA) has predicted that the growth in demand for oil will slow down in the coming years, largely because of weaker demand in Europe and China, in its September Oil Market Report. The forecast follows global oil supply declining by 400,000 barrels per day in August, falling to 92.9 million barrels per day. Production eased among non-Organisation of Petroleum Exporting Countries (OPEC) as a recovery in Libya failed to offset lower supply from Saudi Arabia and Iraq....

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