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Global oil demand growth is expected at just 1.1 million barrels per day (bpd) this year, due to weak first-quarter consumption in developed economies, the International Energy Agency (IEA) said on Wednesday, cutting its growth forecast by 140,000 bpd from its assessment last month. Weak deliveries of middle distillates in Europe and the United States were ...
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Crude Oil analysis lies at a critical juncture with a rising debate between OPEC members: some are unwilling to cut oil production below their capacities, while others seek to shore up crude prices. As previous policies have shown, OPEC members would adhere to supply cut quotas while non-members fulfill the global demand. However, members such as Iraq and ...