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World will struggle to meet oil demand By Carola Hoyos and Javier Blas Published: October 29 2008 02:00 | Last updated: October 29 2008 02:00 Output from the world's oilfields is declining faster than previously thought, the first authoritative public study of the biggest fields shows. Without extra investment to raise production, the natural annual rate of output decline is 91 per cent, the International Energy Agency says in its annual report, the World Energy Outlook, a draft of which has been obtained by the Financial Times.
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