Energy Insights

Energy Insights www.FGEnergy.com Issue # 148 July 2010 Asia Pacific Oil Demand Up but with Uneven Growth Across Countries and Products Introduction Asian petroleum solicit rebounded strongly in the second half of brook year, and the direct in Q1 2010 improved even further as the global economy strengthened, with an ontogeny of some 1.57 million put per day (mb/d) year-on-year. The engage is estimated to have increased by a lower year-on-year rate of 0.78 mb/d in Q2 2010, partially because of the stronger animal last year as demand started to stick on positive harvesting starting in Q2 2009. We expect the demand issue in the second half of this year to slack up on a year-on-year basis as economic growth may slow, with an increase of some of 0.51 mb/d, on the endure of further tightening of monetary policies (versus a stimulus boosted H2 2009). A closer look at the incremental demand indicates that growth has been uneven across countries and varies by products. This report provides a study of the economic and oil demand growth for several selected major(ip) countries in the Asia-Pacific region for 2010. Figure 1.

Change in entirety Asian Oil Product Demand (Year-on-Year Change) 1,600 1,200 800 kb/d Missing demand 400 0 Q1 2005 2006 Q2 2007 Q3 Q4 Q1 Q2 2008 Q3 Q4 Q1 Q2 2009 Q3 Q4 Q1 Q2 2010 Q3 Q4 -400 -800 A Solid Comeback in Q1 2010 Asias oil demand made a solid comeback in Q1 2010, with near countries posting positive growth versus a weak base last year. China continued to drive the growth in Asia, with an increase of some 971 thousand barrels per day (kb/d) year-on-year. Interestingly, lacquers demand grew by 172 kb/d in Q1, largely due to a rebound in naphtha demand on the back of a slump last year. chinawares demand also grew strongly in Q1, with an increase of 137 kb/d, largely due to robust naphtha demand in the petrochemical industry. Indias demand growth slowed in Q1, with a onward motion of 103 kb/d year-on-year, partly due to increased shift from... If you want to get a full essay, order it on our website: Ordercustompaper.com

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