European oil demand fell m/m by nearly 0.5 mb/d, almost double the seasonal norms, to 12.7 mb/d, down y/y by 0.33 mb/d (2.6%). Euro 5 demand fared better, lower y/y by 0.14 mb/d. Given December's data were revised higher to now show y/y growth, January could follow suit, especially given the abno..
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