The growing thirst for oil in China and India is well known. However, this global surge in demand is being led by oil producers that are emerging as significant consumers, too, undermining their capacity to export when global supplies are tightening.
“Consumption is cannibalising their export capacity,” Jeff Rubin, an oil analyst for CIBC World Markets [...]
1913 Intel
International Conflict, Western World Threats and Geopolitical Intelligence
Growing demand in producing countries pushes up the price of oil
Posted by Matt in May 22nd, 2008 | no comment
Published in Oil, Bloc, China, Cibc World Markets, Consumers, Consumption, Export Capacity, Global Surge, Independent Producers, India, Jeff Rubin, Markets In Toronto, Members Of Opec, Oil Analyst, Oil Market, Oil Producers, opec, Price Of Oil, Russia, Thirst, Western Europe
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