IEA: 'Asia biggest consumer of oil in 2011'

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Asia biggest consumer of oil in 2011
In 2011, Asia will consume more oil than North America. This is the result of the strong growth of the economies in the region.

Expansion
This is stated in the monthly report of the International Energy Agency (IEA). At the moment, North America is the biggest consumer of oil. But the fast growing Asian industries will need a lot of oil to expand.

Middle East
According to the IEA the demand not only grows in Asia. Also in the Middle East a lot more oil will be consumed by 2011.

Demand
The IEA has calculated that the worldwide demand for oil will grow 1.8% next year. In the years after next year, this will be 2% on average. This trend will continue to 2011.

Source: RTL Holland