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Oil Demand to Keep Growing Though Rate Ebbs While Drivers Suffer.

  • Periodical
  • Bloomberg.com. 6/15/2022, p1-1. 1p.
  • Keywords: ALLTOP; ASIA; ASIATOP; BUSINESS; CHINA; CMD; CORONAVIR; EUROPE; GEN; GOV; MARKETS; NORTHAM; NRG; NRGTOP; OIL; OILTOP; POL; RUSSIA; US; WORLD EN ALLTOP ASIA ASIATOP BUSINESS CHINA CMD CORONAVIR EUROPE GEN GOV MARKETS NORTHAM NRG NRGTOP OIL OILTOP POL RUSSIA US WORLD Agencies all see demand growth waning after strong first quarter RDJ1NLDWLU6G (Bloomberg) -- Oil demand growth is set to slow in the coming months, with consumers likely to have endure high prices until consumption is brought back into line with supply that's struggling to keep pace with the world's thirst for fuels. There is much closer agreement in other areas, with both the IEA and OPEC seeing India's demand increasing by 6% to 7% and that of the countries of the former Soviet Union, dominated by Russia, contracting by about 4%. The International Energy Agency, the US Energy Information Administration and the Organization of Petroleum Exporting Countries all see global oil demand growth falling back after a strong performance in the opening quarter of the year. [Extracted from the article]
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