Combined Reports
LONDON -- Oil demand this year is rising faster than expected as a surging Chinese economy begins to spur growth in surrounding nations, the International Energy Agency said Wednesday.
The Paris-based group, which advises 26 nations on energy policy, boosted its estimate of the rise in oil use this year by 220,000 barrels per day to 1.4 million. Consumption will total 79.9 million barrels per day, the agency said in a monthly report
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