| From Business24-7.ae: The Middle East, which controls more than half of the world’s proven oil reserves, will lead the oil demand growth over the next two years after China. Developed countries such as North America and OECD Europe on the other hand will see marginally higher oil demand this year but will witness the same or contracting demand beginning next year until 2012.
Overall, the world should still see higher demand in 2010 as economies recover from the worst recession since 1930s, pushing prices to higher level.......................................Full Article: Source
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