The Fuse quotes Crescent Petroleum CEO Majid Jafar from an Atlantic Council event on the importance of oil demand and infrastructure development, not only in the Middle East, but also Asia:
“In terms of price dynamics, demand and its effects are often missed and underreported, and there seems to be a lot of focus on Middle East supply and US shale,” Jafar told The Fuse after giving a speech at the Atlantic Council in Washington, DC Wednesday. “Focusing on economic growth and the energy intensity of that growth in places like China and India is perhaps more important.”