Middle East Economic Survey

VOL. XLVIII

No 12

21-March-2005

Chinese Power Sector The Primary Oil Demand Uncertainty, Says IEA

The IEA attributes Chinas oil demand surge mainly to a booming economy and power shortages, which have led to a dramatic rise in the use of gasoil and residual fuel oil for electricity generation. In the latest monthly Oil Market Report, published on 11 March, the agency says: Overall, demand for oil in power generation is estimated to have accounted for roughly...