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PARIS: Growth in world oil demand is set to fall further in 2012 than earlier forecast hit by the effects of Hurricane Sandy and a weak economy in Europe, the International Energy Agency said on Tuesday.
In its monthly report on the world oil market, the Paris-based IEA now believes global demand will increase by 670,000 barrels a day in 2012 to 89.6 million bpd. This is 60,000 bpd less than assumed a month ago.
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