China will continue leading product demand growth in Asia-Pacific

Asia continues to play an important role in global petroleum demand growth, and China leads the way with 451,000 b/d of growth in 2003. Japan also played an important, albeit temporary, role as its nuclear crisis contributed to a demand growth of 84,000 b/d in 2003.Overall, Asia accounted for 664,000 b/d of the 1.6 million b/d of global incremental demand growth in 2003.China is the key market that will drive regional consumption growth and affect regional product trade, prices, and refining margins. India is also likely to return to higher growth, and the region's midsized markets, such as Thailand and Indonesia, will post strong growth.In contrast, the Japanese market is stagnant an...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected