The end of huge economic stimulus packages around the globe threatens a modest recovery in global oil demand this year, an official from the International Energy Agency said on Monday.
"That is something we are watching closely," said IEA Deputy Executive Director Richard Jones in an interview with Reuters. "We think these are downward risks to demand."
The oil market was 'pretty well supplied' so OPEC was unlikely to change output at its March meeting, he said.
"We see similar action in March as we saw in the last few meetings, which is to leave things as they are," Jones said.
Source: ReutersCourtesy moneycontrol.com
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