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
Table of contents
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Executive Summary
- USA: Freight helps to drive diesel demand
- China: Weighing the trade-off between growth and grime
- Europe: The death of diesel? Not yet!
- Summary
Tables and charts
This report includes 4 images and tables including:
- 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)
What's included
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