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JODI Energy Demand Monitor (Dec. & Jan.)

JODI data on global oil and natural gas consumption reveal that global energy demand remained in the doldrums around the turn of the year. We suspect a recovery in natural gas demand is more likely to occur than in oil demand, as prices of the former have plunged to more palatable levels. By contrast, the mounting downside to advanced economy economic growth is likely to weigh on oil demand.

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