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Commodities Briefing - Categorized | Market Moves, Oil more

Why Asia is epicenter of oil demand growth

Posted on 27 May 2011

A few weeks back we highlighted the strong link between GDP growth and oil consumption by showing you how oil consumption per capita has risen in selected countries as per capita incomes rise.
Specifically, we noted the potential for China’s oil consumption – already the second-largest oil consumer in the world – to catch up on a per capita basis with other Asian countries such as Taiwan and South Korea……………………………………….Full Article: Source


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VRS - who has written 38958 posts on Opalesque Commodities Briefing.


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