Source: IEA forecasts long-term demand for oil will tumble

11/4/2009 | Wall Street Journal, The

The International Energy Agency will cut sharply its forecast for long-term demand for oil, a source said. The agency's World Energy Outlook report is expected to state that improved energy efficiency and climate-change measures will contribute to reduced oil demand. Low economic growth also will contribute to reduced demand, according to the report, the source said.

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