What price will cause global oil demand to finally fall? While OECD demand looks set to drop, according to the latest IEA report, demand elsewhere is another story.
Because in a sense, oil markets can be thought of as trying to break the back/bank of countries with subsidy-driven demand growth for transportation. And, as the following IEA slideshow shows, that may happen sooner rather than later.
More here at TOD.
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