| Global supply and demand of crude oil is expected to be balanced in 2012 if OPEC's oil production stays at the current level of 30 million b/d, the Institute of Energy Economic Japan said Thursday.
World oil demand will grow by 1 million-1.1 million b/d to 90.1 million b/d, while total oil production is seen to rise 500,000-600,000 b/d to 90 million b/d with higher production from non-OPEC countries, such as the US and Russia, IEEJ said...............................................Full Article: Source
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