Middle East Economic Survey

VOL. XLVII

No 22

31-May-2004

SUPPLY/DEMAND

FACTS Cautious On 2004 Chinese Oil Demand Growth As Government Moves To Cool Economy

There is no question that Chinese oil demand growth dominated the Asian oil demand picture in 2003 and is set to be the major influence on 2004 demand. However, with the Chinese government taking measures to rein in what it regards to be an overheating economy, the outlook for oil demand growth in 2004 is as yet unclear, according to the May ...