Need to Know: Oil Demand 'Will Fall During 2009'

Summary


WOOD Mackenzie is predicting that global demand for oil will fall by 1.5 million barrels a day this year, the first time worldwide demand has fallen since 1982.

The Edinburgh-based research firm slashed its global growth estimates yesterday, predicting a 0.6 per cent contraction in world GDP.

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Need to Know: Oil Demand 'Will Fall During 2009'

Analyst Jo...

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