The global oil consumption will rise by about 60% by 2020 said Institute for Analysis of Global Security. Transportation will be the fastest growing oil consuming sector in the world. It is estimated that by 2025 the number of cars will increase to over 1.25 billion and the global consumption of gasoline could double. The Organisation of Petroleum Exporting Countries (OPEC) says that stable US economy and the shut down of nuclear plants in Japan boosted up demand.
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