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Oil Price

1st phase of peak oil caused demand destruction in OECD countries of around 5 mb/d

This is the monthly update of the crude oil graphs with EIA data released 17/2/2010

In its WEO 2004, the International Energy Agency assumed a growth rate of all liquids of 2 % pa starting in 2002. Four years later, the WEO 2008 reduced the growth rate for all liquids to 1.5 % pa and [...]