No 46



Asian Oil Demand To Grow 2.7% In 1999, Says CSFB

Oil demand in Asia is projected to grow by 520,000 b/d in1999, a rise of 2.7% over 1998, with a further increase of 651,000 b/d in 2000,or a rise of 3.3% over 1999, according to a study just released by Mr. JimClark of Credit Suisse First Boston (CSFB). This year痴 growth is mainly beingdriven by higher demand in South Korea (147,000 b/d) and India (146,000 b/d),while expectations for China (121,000 b/d) have...