London-The global oil markets could remain relatively stable at least until mid-2011 with new non-OPEC production able to meet an expected slower pace of oil demand growth over the year, the International Energy Agency said July 13. In its latest monthly report, the IEA said it sees global oil demand for 2011 rising by 1.6%, or 1.3 million b/d year on year, to 87.8 million b/d, down from the 2.1% or 1.8 million b/d of demand growth seen in 2010.
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