Oil Demand in the 1990s

Abstract

The chapter discusses the outlook for oil demand in the 1990s in the light of recent market developments. Slow growth on the demand side, a continuing surplus of production capacity and declining prices have characterised international energy and oil markets in recent years. Hence, it is an opportune time to reflect and ask whether, how, and to what extent, will oil demand be affected by the changed energy environment and, most notably, by the lower real price of oil.