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IEA trims oil demand growth outlook

IEA has cut its forecast for global demand growth next year by nearly 8% MoM to 1.2mn b/d, citing waning underlying support from low oil prices. Although IEA kept its 2016 demand growth forecast steady at 1.6mn b/d, it noted that weaker global demand growth and a supply overhang pushed crude oil prices down to…

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