DMITRY ZHDANNIKOV AND DAVID SHEPPARD

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IEA sees 2015 oil demand growth much lower, supply hitting prices

Demand for oil in 2015 will grow far slower than previously forecast as global economies remain weak, the International Energy Agency said on Tuesday, and prices may extend their sharp fall so long as OPEC shows no sign of countering a supply surge.

By DMITRY ZHDANNIKOV AND DAVID SHEPPARD