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- Who is buying the oil?
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The market for oil is undergoing a fundamental change. Previously, the OECD was the primary consumer; today, demand is shifting towards emerging market economies.Compared to a year ago, OECD countries demanded about a million barrels of less today. However, non-OECD countries more than made up the shortfall, demanding an additional 1.5 million barrels. The net effect was to increase overall demand by 0.5 million barrels a day….
Original Source: ukhousebubble.blogspot.com
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3 July, 2008| housingblogs |
@ 21:47
