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Asia could account for 90pct of Middle East oil exports in future: IEA

Posted on 05 December 2012

Asia could account for up to 90 per cent of oil exports from the Middle East in the future, said the International Energy Agency (IEA). The agency said that it expects energy trade between the Middle East and Asia to grow in years to come as the US moves towards energy self-sufficiency.
US consumers and industrial end-users have been able to enjoy relatively cheap energy on the back of increasing oil and gas production as well as energy efficiency standards in the US………………………………………..Full Article: Source


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