Middle East Economic Survey


No 15


Analysts Raise Questions Over Chinese And Asian Oil Demand Growth

Chinese and Asian crude oil demand growth has in the past 18 months or so pushed the global crude oil supply/demand balance so hard as to raise concerns over the ability of producers and refiners worldwide to keep pace with surging consumption. In its latest monthly Oil Market Report the IEA once again raised its global demand forecast for 2005, by 330,000 b/d to 84.3mn...