Energy watchdog: oil demand weaker than expected in second half of yearInternational Energy Agency cites upward pressure on oil prices due to diminishing U.S. inventories, threat of U.S.-led war against Iraq Bruce Stanley Associated Press Business Writer
Demand for oil was weaker than expected during the second quarter of the year, but crude prices have stayed firm due to diminishing U.S. oil inventories and the threat of a U.S.-led war against Iraq, an industry study said Aug. 9.
Upward pressure on prices offset the dampening effects of tumbling w....
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Crude supplies grow in July OPEC not doing badly
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