19.08.2013 - Middle East oil will remain world’s key source of fuel
Research conducted by marketing communications consultancy Orient Planet shows that upcoming upheavals to the international oil supply chain will significantly impact the global economy and oil security. These movements, however, will not be enough to displace the Middle East as a global leader in oil in particular and energy in general. Aside from having the largest proven crude oil reserves in the world (66% of reserves of OPEC members), the region enjoys close proximity to, and strong economic and cultural ties with, oil-hungry markets such as China and India. China alone is projected to account for half of global oil demand growth in the next five years...............................................Full Article: Source
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