Pattern of more-widespread oil demand growth seen

06/21/2004
China can't take all the blame for booming oil demand; there is plenty to go around.For some weeks now, analysts have pointed to stunning levels of growth in China's oil consumption as being the primary demand-side driver behind high oil prices, along with all of the supply-side fears.While the US also has been cited often in discussions of demand, clearly, the "elephant in the room" has been China's jaw-dropping demand growth rate of as much as 14% year to year (as measured in IEA's May report). In fact, a new trepidation has begun to emerge among market-watchers: that China's own efforts to cool down a superheating economy might kick out the props from under a bull ...
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