Page 17 - Oil Demand

Coronavirus scare: Refiners to get rare oil cheap as demand slows in China

Refiners in India, the world's third-biggest oil importer, rarely get the opportunity to buy suitable grades from areas like the Mediterranean and Latin America because of higher freight rates.

Coronavirus: Oil use to suffer first quarterly drop in a decade, says IEA

"Global oil demand has been hit hard by the novel coronavirus and the widespread shutdown of China's economy," it said.

Opec cuts 2020 demand forecast by a third amid Coronavirus worries

The cartel reduced projections for demand growth in the first quarter by 440,000 barrels a day, or about a third, in its monthly report

Global oil demand could nearly halve if coronavirus threat escalates

The outbreak comes at a time when geopolitical risks to oil supply are likely to remain elevated in 2020, as both the US and Iran continue their maximum pressure campaigns

Opec expects oil demand to fall in 2020, may maintain supply curbs

OPEC and its partners have been limiting supply since 2017

Electric vehicles' rise may lead to slow global oil demand from 2025: IEA

The IEA expects there will be 330 million electric cars on the road by 2040

Oil demand growing at slowest pace since 2008 financial crisis: IEA

From January to May, oil demand increased by 520,000 bpd, marking the lowest rise for that period since 2008

Don't see major rise in oil prices due to slowing demand, market glut: IEA

IEA's Fatih Birol also said that electric vehicles are not expected to make a dent on crude demand in India and elsewhere

China's oil demand seen peaking in 2025 as EVs, high-speed rails take over

China will no longer be the growth driver of global crude demand, say analysts

Hit by crude prices, rupee, India's oil demand to recover in 2019: Fitch

Fitch Solutions said it was more bullish on demand for 2019, given supportive economic conditions, currency stabilisation and a slower rise in the price of crude

Plastics, other petrochemical products to drive global oil demand to 2050

Oil demand for transport is expected to slow by 2050 due to the rise of electric vehicles and more efficient combustion engines, but that would be offset by rising demand for petrochemicals

Oil demand of Asia's troubled emerging markets to be down in 2019

Import-reliant economies are already aching under oil prices that have risen above $80 per barrel this week, the most since late 2014

Growing demand, low refining capacity: India imports more, exports less oil

India's oil import bill has shot up as global prices rise but export of processed crude has trailed

Southeast Asian oil demand to keep growing until 2040, says IEA

Southeast Asia will have to fork out more than $300-bn in 2040 for net energy imports

Global oil demand to rise 1.2 mn bpd in 2017 vs 1.8 mn bpd in 2016: IEA's Birol

IEA Executive Director Fatih Birol said he was expecting global oil markets to rebalance in the second half of next year

Still in rough seas

Without a strong global economic recovery, the maritime sector will find it tough to overcome the demand-supply mismatch.