Fom Ethiopianreview.com: Will Asia, and especially China, set the pace for the long-term evolution of the oil market? The answer to this question is a simple yes as the continent is already an important player and its role is increasingly becoming more and more so.

In 2008, Asian oil demand (always excluding the Middle East and Japan) was 17.3 million barrels a day (mbd) and it is believed that Asia has already escaped the world recession and resumed growth again to such an extent that its demand this year could be 17.7 mbd. Itsoil demand by the year 2030 has been estimated by Opec’s “World Oil Outlook 2009″ to reach the level of 33.1 mbd…………………………………Full Article: Source

Play - Download this article

|

Play - Download Full Briefing

|

Subscribe to the Podcast Feed