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Rising oil import costs may become Asia's growing pain

Forecasts show region's import bill is set to climb back above US$500b in 2017 for the first time in 3 years


A WIDENING gap between Asia's oil production and demand is creating a growing capital drain for the region and leaving countries vulnerable to global supply disruptions and a sudden surge in oil prices.

Asia's net oil imports surpassed the total amount of oil consumed in