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Asian countries could lead oil demand erosion
Reduced subsidies and raised prices expected to hit level of demand
Martyn Wingrove - Friday 6 June 2008
GLOBAL oil exports may be high at present, but there are fears that worldwide demand for crude and oil products will either grow at a slower pace than expected or will be eroded by high commodity prices.
With oil prices sitting higher than $120 per barrel, Asian governments have been forced to reduce the way they are shielding their populations fr...
