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Unformatted text preview: be 17.6 mbd, yielding a world oil production capacity of 110.6 mbd by that date – as shown in Figure 1. This would represent the most significant increase in any decade since the 1980s. Answers To: Oil DA – Russia Non-Unique Oil demand surging – geopolitics Kumar, June 2, 2012 (Gulf News, HimendraMohan Staff Reporter Fear keeps oil prices stubbornly high, Dubai: The UAE economy is widely expected to benefit from yet another year of windfall of oil export income in 2012 as surging global crude demand and supply fears keep prices at stubbornly high levels, say experts. The UAE’s income from oil exports last year topped $100 billion (Dh367.8 billion), according to market estimates. This year too, the high oil prices will contribute towards maintaining the budgetary balance. The country exported, on average, about 2.3 million barrels of oil per day in 2011. Saudi Arabia’s Oil Minister, Ali Al Na...
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