|SThis graph shows annual changes in
demand. First, note that year-to-year
changes in demand have generally been increasing since 1985. The volumes have varied from as low as 0.1
million barrels per day (MMB/D) in 1992 and 1993 to as high as 1.9 in 1999,
and averaging about 1.5% growth rate.
|SMore recently, since 2000, growth has been
about 1.3%, with volume increases around 1 MMB/D, except for the dip in
2002. Volume increases were slightly
lower than seen in the later part of the 1990’s.
|SAlso note that in recent years, non-OECD
countries seem to be driving demand growth.