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Americas Energy Europe

EU oil demand drives 2016 global consumption growth

European oil demand soared in 2Q16, reaching a five-quarter high according to this month’s IEA report. This strength in the oil sector should trickle through into stronger demand for biofuels and other renewables across Europe, with 2020 10% blending targets looming amid increasing oil consumption. However, political and economic uncertainty following Britain’s decision to leave the EU…

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