China, India oil demand frightening

Increased demand for oil in China and India is so large they have created a worrisome climate among the world’s energy producers, the chief of Saudi Arabia’s services company in the United States said on Monday.

“This is the big gorilla. The demand by China and India together, if they continue to grow, it is quite substantial and it is frightening,” said Mazen I. Snobar, President and CEO of Aramco Services Co, which delivers Saudi oil to the United States.