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IEA Predicts Rise in Demand for Oil

Posted on: Thursday, 14 July 2005, 06:00 CDT

Global demand for oil will increase next year despite the latest surge in oil prices above the $60-a-barrel mark, the International Energy Agency said yesterday

. It expects consumption to increase to 85.6 million barrels in 2006, a 2.1 per cent rise on 2005's expected rise.

Source: Independent, The; London (UK)

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