Slower demand in oil producing nations forecast by IEA

PARIS - International Energy Agency, leading global energy forecaster, Friday further cut the oil demand growth outlook for 2015 by 230,000 barrels per day (bpd) to 0.9 million bpd on expectations of lower demand from the former Soviet Union and other oil exporting countries, dimming the prospect of an upward trend in price due to demand pressure.

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