According to Text I, the statement “OECD Europe and OECD Asia Pacific are expected to see a lesser contraction than a year earlier” (lines 8-10) implies that the oil demand in those countries

The words of Text I: output (line 26), mild (line 30), balance (line 37) and inventories (line 42) may be replaced, without change in meaning, respectively, by:

In the fragments of Text I “World oil demand in 2H14 is anticipated to increase” (lines 2-3), “OECD (Organisation for Economic Co-operation and Development) demand is projected to decline” (lines 5-6), “oil demand growth in OECD Asia Pacific will largely be impacted” (lines 11-12), “Production in Russia and Brazil is also expected to increase” (lines 24-25) the boldfaced verb forms indicate

Comparing the excerpt from Text I “Non-OECD countries are projected to lead oil demand growth this year and forecast to add 1.3 mb/d in 2H14 compared to the same period a year ago” (lines 13-15) to the excerpt from Text II “Non-OECD oil demand, led by Asia and the Middle East, looks set to overtake the OECD for the first time as early as 2Q13 and will widen its lead afterwards” (lines 24-27), one states that Text number

According to Text I, world oil demand in 2H13 was

According to Text I, the statement “On the supply side, non-OPEC oil supply in the second half of the year is expected to increase by 1.2 mb/d over the same period last year to average around 55.9 mb/d, with the US being the main driver for growth, followed by Canada” (lines 20-24) implies that

According to Text II, the statement “ongoing North American hydrocarbon revolution is a ‘game changer’.” (lines 14-15) suggests that the hydrocarbon revolution represents a

The expression from Text II upstream, midstream and downstream (lines 8-9) implies that investment programmes will be respectively directed to costs that involve

In the following fragment of Text I: “Less field maintenance in the North Sea and easing geopolitical tensions could also add further barrels in the coming two quarters.” (lines 31-33) the word quarters means a(an)

In the fragment of Text I “Less field maintenance in the North Sea and easing geopolitical tensions could also add further barrels in the coming two quarters.” (lines 31-33), the expression easing geopolitical tensions means geopolitical tensions that are