Abstract
The Asia Pacific region consumes about 13million b/d with the U.S. West Coast and Japan accounting for 70%. While oil demand growth in general has not reached expectation, that for transportation fuels has increased considerably eg. jet fuels 6% pa, diesel 4% pa. Oil demand growth is linked to the economies of Asia's newly industrialised countries and Japan where growth has depended on successful export trade strategies. An 11 country survey has indicated that demand growth to 1990 could be as high as 9% pa. The balance between inter-regional production and imports, largely from the Middle East, is not likely to change drastically, and refining capacity is expected to remain in surplus.
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