Soozhana Choi, head of commodities research for Asia at Deutsche Bank, discusses her forecasts for global oil demand growth and the impact of Asia's continued build-out of refinery capacity.
How do you see global demand for oil developing in 2010
We think 2010 will be the first year that non-OECD Asia's Asia ex-Japan, ex-South Korea share of global oil demand will be greater than that of the United States.
We forecast US to account for 22% of global oil demand this year, down 3.4% from 10 years ago, while non-OECD Asia will account for 22.1%, up 6.1% from 2001. Chinese oil demand will grow by 5%, with the rest of non-OECD Asia expected to...