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IEA says oil demand will grow in 2010

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IEA says oil demand will grow in 2010

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Growth in world oil demand will increase by almost 1.5 million barrels per day next year according to the International Energy Agency.

The Paris-based adviser to 28 industrialised economies bases that on industrialised and developing nations recovering from the economic slowdown.

That contrasts with the US Energy Information Administration which this week lowered its demand forecast.