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

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31 October 2017

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

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

    • 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

This report contains:

  • Document

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

    PDF 496.27 KB