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Asia to turn elsewhere in next 5 years as Middle East fails to meet oil demand: IEA

Global outfit also affirms the need for continued investments in deepwater oil projects

A pumping station in the Samotlor oilfield near Nizhnevartovsk, Russia. Asia's appetite for oil in the next five years cannot be met by Middle East producers alone, says IEA.


ASIA will have to turn to other regions to meet its growing oil demand in the next five years as Middle East producers - traditionally the main suppliers - will not be able to meet the region's vast appetite, according to a senior official from the International Energy Agency (...

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