Asia-Pacific demand growth tests refiners

Journal Article · Mon Dec 03 00:00:00 EST 1990 · Oil and Gas Journal; (USA)

OSTI ID:5806221

Kennedy, J L

According to this analysis, petroleum product demand in the Asia-Pacific region will grow faster than in any other area during the 1990s. To cope with this growth, countries in the region are expanding refining capacity, boosting the ability to make high-quality fuels, deregulating prices, and inviting foreign investment. Demand growth rates will average 4--6%/year for the entire region, and in some countries---at least in the early part of the decade---annual increases in product demand will nudge 10%. Higher than expected crude prices may dampen this growth temporarily. But relative to other markets, the Asia-Pacific region will still set the growth pace as industrial output expands and living standards improve.

• OSTI ID: 5806221
• Journal Information: Oil and Gas Journal; (USA), Vol. 88:49; ISSN 0030-1388
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
29 ENERGY PLANNING
POLICY AND ECONOMY
ASIA
PETROLEUM REFINERIES
PETROLEUM PRODUCTS
SUPPLY AND DEMAND
ECONOMIC GROWTH
INVESTMENT
MARKET
PRICES
QUALITY CONTROL
CONTROL
INDUSTRIAL PLANTS
020700* - Petroleum- Economics
Industrial
& Business Aspects
020500 - Petroleum- Products & By-Products
294002 - Energy Planning & Policy- Petroleum
023000 - Petroleum- Properties & Composition