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The global rebound in diesel/gasoil demand: how long will it last?

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Report summary

Global demand for diesel/gasoil grew by nearly 400 kb/d year on year in Q2 2017 following a fall in 2016 and a slow start to 2017. Consumption growth surged because of a lower oil price and an acceleration in industrial production growth in key markets. Can this growth be sustained? With global oil product demand forecast to grow by 1.35 million b/d in 2018 diesel/ gasoil demand contributes 300 000 b/d to this growth in our base case. However both upside and downside risks remain prevalent including: Stronger industrial productivity in the US and Europe Environmental policy in China

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    The global rebound in diesel/gasoil demand: how long will it last?

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This report includes 4 images and tables including:

Images

  • Diesel/gasoil demand by region
  • US industrial production growth and diesel/gasoil growth
  • European demand growth
  • Oil product demand growth, year-on-year ('000 b/d)

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