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23 September 2021 The on-line newspaper devoted to the world of transports 04:35 GMT+2

December 17, 2004

Opec expects drop in demand for crude

LONDON: The Opec oil cartel yesterday said it expected a surge in oil demand to slow next year, projecting weaker economic growth in North America and China.

"Lower economic growth in 2005 is expected to lead to an easing of incremental demand from the high rates seen in 2004," Opec said in its monthly Oil Market Report ......
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