EIAâs short-term global oil demand outlook considers the role of economic activity">EIAâs short-term global oil demand outlook considers the role of economic activity
(Wed, 15 Feb 2017) Oil plays a crucial role in the global economyâfrom the production of goods to the transportation of people and freight. For this reason, economic activity and oil consumption tend to move together, particularly in developing economies. This relationship makes gross domestic product (GDP) an important driver of oil consumption.
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