Review June 20, 2011
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Review June 13, 2011
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Review June 6, 2011
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Review May 30, 2011
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Review May 23, 2011
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Review May 16, 2011
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Review May 9, 2011
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Review May 2, 2011
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Review April 25, 2011
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Review April 18, 2011
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Review April 11, 2011
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Review April 4, 2011
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Review March 28, 2011
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Review March 21, 2011
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Review March 14, 2011
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Review March 7, 2011
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Review February 28, 2011
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Review February 21, 2011
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Review February 14, 2011
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Review February 7, 2011
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Review January 31, 2011
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Review January 24, 2011
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Review January 17, 2011
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Review January 10, 2011
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Review January 3, 2011
Top 10 Developments of 2010
1. Unexpected Growth in Global Demand
As the global demand for oil increased during 2010 the IEA was forced to steadily increase its forecast for average annual demand. In January the agency said that the increase over 2009 would be 1.4 million b/d. By July that had increased to a 1.8 million b/d gain and in mid-December the estimate was up to a 2.5 million b/d increase in global oil consumption. The agency notes that in the 3rd quarter global demand may have been up by 3.3 million b/d over the previous year, a rate which is clearly outstripping increases in production and indicating that a drawdown in global stocks is taking place.