Asian oil demand
Global oil demand growth for has been increased slightly to mb/d, partly due to an optimistic GDP forecast from the IMF. This is down from last year's gain of mb/d, as higher oil prices, shifting Chinese demand patterns and fuel switching in non OECD countries slows growth. OECD commercial stocks fell in. IEA sees Southeast Asia oil demand growing until at least | Reuters Dyanna. Age: 28. Rates: There are many hurdles to clear before electrics become a dominant form of transportation. Oct 23, - SE Asia to be key player in global energy demand growth- IEA. SINGAPORE, Oct Southeast Asian demand for oil will keep growing until at least as emerging nations there rely on the fossil fuel to transport their rapidly growing populations by road, the International Energy Agency said on Tuesday. Penny. Age: 20. eyes: blue Southeast Asian oil demand to keep growing until 2040, says IEA World Petroleum Demand [ bytes] Asia Economic Growth [ bytes] Asia Refinery Operating Rate [ bytes] The consensus outlook for continued strong oil demand growth in Asia has been rocked by recent events. The developing Asian financial crisis will stall or perhaps reverse a number of trends in the. Leo Drollas, chief economist at London's Centre for Global Energy Studies (CGES), says real income per capita and real oil prices are the drivers of oil demand over time. "Despite Asia's economic problems now," said Drollas, "there is still lots of oil demand to come, and this has huge investment implications for oil industry. Harmony. Age: 22. Eccie - SweetDelicacy Oct 25, - Southeast Asian demand for oil will keep growing until at least as emerging nations there rely on the fossil fuel to transport their rapidly growing populations by road, the International Energy Agency said on Tuesday. Oil usage in the region will expand to around million barrels per day by from. Gasoline Demand in Transport in Non-OECD Asia. From , while OECD countries' oil demand decreased by roughly 3 million barrels per day (mb/d), demand in non-OECD countries grew by around 21 mb/d. This represents an ongoing structural shift in oil demand dynamics that is characterised by two key. Oct 29, - TOKYO -- As the global shift toward electric vehicles gathers momentum, some analysts are forecasting a faster-than-expected drop in demand for oil. O.