Insight
Global oil demand: 5 risks in 2019
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Global demand is expected to rise by 1.1 million b/d in 2019, reaching an annual average of 100 million b/d. It is based on an easing of global GDP growth to 2.8%, a forecast that we are maintaining despite the bearish sentiment. But what are the major risks to watch for this year? Could GDP decelerate more quickly, causing diesel demand growth to slow further? Could lower fuel prices cause gasoline demand to surprise to the upside? And what are the themes to watch? We await the finalisation of various fuel efficiency standards, not for the risk they pose to 2019 but for the risk to the outlook to 2030. As for biofuels, are policies pushing them forward again?
Table of contents
- Demand growth in a bearish world
- The wildcards behind diesel demand
- Upside to gasoline demand
- Finalizing fuel efficiency standards: Europe and the US
- Policy push for biofuels
Tables and charts
This report includes the following images and tables:
-
Global oil demandYear-on-year change in China diesel/gasoil demandRoad fuel demand from passenger cars: indexed to 2005
What's included
This report contains:
Other reports you may be interested in
Insight
Global Oil Supply 10-year investment horizon outlook 2025
Oil demand remains resilient, with energy security and affordability key aspects in the transition to low-carbon energy
$1,350
Insight
Global oil supply short-term update - November 2025
OPEC+ agree to a pause in unwinding cuts in Q1 2026, due to expected over-supply.
$1,350
Asset Report
Exploration trends - benchmarking by region
Analysis of trends in conventional exploration by region over 2015-2024, including discovered resources, spend, value creation and returns.
$11,000
