Insight
Global oil demand: 5 risks in 2019
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 3 images and tables including:
- Global oil demand
- Year-on-year change in China diesel/gasoil demand
- Road fuel demand from passenger cars: indexed to 2005
What's included
This report contains:
Other reports you may be interested in
30 March 2023
China economic focus March 2023: time for changes
Insight
China economic focus March 2023: time for changes
The new government in China faces challenges in domestic and external markets.
$95030 March 2023
LNG short-term analytics: Weekly summary
Commodity Market Report
LNG short-term analytics: Weekly summary
Weekly updated fundamentals covering Global Gas and LNG markets
$4,00028 February 2023
Gas demand response to lower prices
Insight
Gas demand response to lower prices
In this insight, we review the key switching levels across Asia and Europe
$950