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Commodities Briefing - Categorized | Oil, Trading more

China would replace US as world’s largest oil importer

Posted on 29 November 2013

Energy-hungry China would replace the US as the world’s largest oil importer by the 2020s followed by India, according to a report that said emerging economies are poised to claim most of the global energy supplies.
China, world’s second largest economy, will be the main contributor to the increase in global energy use over the coming decade, after that India will replace it as the world’s biggest driving force for energy demand in the 2020s, International Energy Agency (IEA) said……………………………………….Full Article: Source


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