The International Energy Agency increases its forecast for 2013 worldwide oil demand by 110K bpd to 90.5M, saying it expects growth to "stay relatively sluggish" due to "tepid global economic expansion." In its monthly report, the IEA also raises its production forecast by 70K bpd to 54.2M bpd, with the U.S. shale revolution driving growth.
The International Energy Agency increases its forecast for 2013 worldwide oil demand by 110K bpd...
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