Demand should outweigh supply going forward and tension in the Middle East leave risk to the upside.
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Meanwhile, expectations and demand have run ahead of supply in recent years, leading to macroeconomic tension.
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The issue of drone strikes, along with Pakistan's refusal to re-open Nato supply routes to Afghanistan, has led to increased tension in US-Pakistan relations in recent months.
BBC: US drone 'kills 8' in Pakistan
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