(Bloomberg) -- High petroleum prices may cause world
oil consumption to contract as economic growth slows, a London-
based consultant said.
While the global economy has been growing at an annual rate
of more than 4 percent, oil demand will increase less than 1
percent in 2007, about half the normal rate, the Centre for
Global Energy Studies said in its monthly report.
Read more at Bloomberg Energy News
oil consumption to contract as economic growth slows, a London-
based consultant said.
While the global economy has been growing at an annual rate
of more than 4 percent, oil demand will increase less than 1
percent in 2007, about half the normal rate, the Centre for
Global Energy Studies said in its monthly report.
Read more at Bloomberg Energy News
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