Parsing the Latest Demand and Supply Figures…

Heading Out writes: In other words we are seeing the same sort of growth figures in demand that we saw last year, and slightly above the numbers that had been predicted earlier in the year. The price increases have not had any impact so far on demand over here. In the poorer countries such as Indonesia this is not the case. In those places, where the government has been subsidizing fuel costs the impact can only be expected to worsen as the year draws on.

More after the jump at The Oil Drum.