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Oil demand in developing nations overtakes industrialised world

Posted on 16 May 2013

Shale oil has rapidly boosted oil production in the US, presaging a revolution in oil to mirror that in gas production. Developing countries have overtaken the industrialised world for the first time in their thirst for oil, according to the world’s leading energy authority.
This transformation in the demand for oil has come as production of the fuel has boomed in the US, “sending ripples through the global markets”, the International Energy Agency (IEA) said on Tuesday…………………………………….Full Article: Source


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