LONDON Ñ Middle East producers are expected to provide half of the
world demand for crude oil by 2030.
A report by the International Energy Agency said Middle East members of
OPEC would assume a larger role in oil
supplies over the next 25 years.
The agency said Middle East oil producers
would be counted upon to fulfill most of the 59 percent increase expected in
energy consumption by 2030, Middle East Newsline reported.
In all, world energy demand would increase to 121 million barrels a day
by 2030, the agency said in its annual study. OPEC's Middle East members
were expected to provide half of the world's crude oil supply. This would mean an increase
in Middle East oil output from the current 20 million to 52 million barrels
a day by 2030.
"As international trade [in oil] expands, risks will grow of a supply
disruption at the critical chokepoints through which oil must flow," the