13.11.2008 - Developing nations key to oil demand boost
From Zawya.com: Developing countries, located on different continents, will play a crucial role in balancing global oil demand in 2009, a financial and commodities market research institution has said in a recent report. Oil demand will significantly subside in developed economies in 2009 the report predicted. Merrill Lynch, in its recent analysis on global energy demands, said the Middle East and the emerging economies of 'Chindia' (China and India) are few of the resilient regions where hydrocarbon requirement will continue to grow, albeit at a slower pace in spite of the recession....... Full Article: Source