No. 03



Asian Oil Demand Slumps By 4% In 1998, Wont Recover 1997 Levels Until 2001

Asian oil demand, sharply up until 1997, slumped by 4% from 16.88mn b/d in 1997 to 16.21mn b/d in 1998, and will not recover pre-crisis levels until 2001, according to Mr. Ken Koyama, Head, World Oil and Energy Group at the Institute of Energy Economics (IEE) in Japan, in a report to be published in the March issue of the IEEs publication "Energy in Japan". The report is the...