oil demand

Last year, oil demand in China grew by 16 percent.

Oil demand may grow at a rate of only 1 to 1.5 percent a year.

World oil demand has increased more than 2 percent annually since 1985.

"Oil demand has been flat for the past four years, but there is a major recovery under way."

Even so self-sufficiency would not be possible without a fall in oil demand by the end of the century.

Most of its oil demands are met through imports from Russia.

United States oil demand has lately been around 17 million barrels a day.

Oil demand rose significantly in 1992 because of the recovering economy.

Together, the two countries are expected to account for much of the increase in global oil demand over the next decade.

Now the slowing American economy seems likely to reduce oil demand, and with it prices.

If mean estimates are accurate, the 1002 area would produce at most only about 4 percent of the country's oil demand in the year 2005.

The report predicts that world oil demand will grow about 50 percent, to 121 million barrels a day, by 2030.

Imports were also at a record level, reflecting the surge in oil demand.

The degree to which oil demand responds in the short term to price changes is the subject of some debate.

A 1 percent increase in global economic growth increases oil demand by an estimated 700,000 barrels a day.

In the last four years, China accounted for 40 percent of the growth in world oil demand.

Oil demand management must not be limited to the EU alone.

Asia accounts for roughly one-quarter of the world's oil demand.

Perhaps oil demand, not oil supplies, will be the question of this decade.

So during the decade to 2011, worldwide oil demand rose 16pc.

"It wouldn't push up prices, because oil demand is so low.

The mean, estimated at 3.57 billion barrels, would be enough to meet the United States' total oil demand for 200 days.

But aggressive energy conservation policies could limit the increased oil demand to 103 million barrels a day by 2030.

Oil demand will, however continue to increase at between 1% and 2% per year.

"Is oil demand down because we've had high prices or because of extraordinary circumstances like 9/11?"