"I very much hope that the increase coming from [the] United States, from Brazil, Canada this year, [will] be accompanied by the increase coming from the key producers in Middle East and elsewhere," he said.
If China went back to the usual oil consumption and oil demand trends,"then we will have a very difficult summer around the world," Birol said. "And this year, from 1.5 it will go to 4 trillion U.S. dollars, more than two times increase in the oil and gas companies' revenues."
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