The International Energy Agency cut its forecast for the rise in oil demand this year calling the recent slowdown “nothing short of remarkable.” Agence France-Presse/Getty Images The International Energy Agency Thursday trimmed its forecast for the rise in oil demand this year for the third month in a row , calling the recent slowdown in demand “nothing short of remarkable.” In its closely watched monthly oil market report, the Paris-based energy watchdog said it expects global oil demand to grow by 0.9 million barrels a day in 2014, a decrease of 65,000 barrels a day compared with last month’s forecast and down by 300,000 barrels a day since July. According to the IEA, oil demand growth in the second quarter was at its lowest in 2½ years, dented by economic weakness in Europe and China , a trend the agency expects will continue to weigh on demand. “While demand […]

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