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Sep 10, 2024 · Oil products demand in China, long the driver of global crude consumption, peaked in 2023 and is forecast to decrease by 1.1% annually between 2023 and 2025, with the drop accelerating in...
May 9, 2024 · In terms of oil demand, China has been breaking crude oil import records year after year. It’s imports in the first quarter of 2024 were 6.5% higher than the same period of 2023.
- Simon Watkins
Sep 27, 2023 · According to the IEA, petrochemicals will account for 85 per cent of incremental global oil demand growth before 2030. That will prompt oil refiners in China and elsewhere, which have ...
- Greg Mcmillan
Mar 23, 2023 · China will make up nearly 40% of the rise in global oil demand in 2023, Wood Mackenzie says. “A return to normal mobility in China is the single biggest demand driver, accounting for 1.0 million...
China was the last major economy to lift its stringent Covid-19 restrictions at the end of 2022, leading to a post-pandemic oil demand rebound in the first half of 2023. But demand growth in China slows markedly from 2024 onwards, and global oil demand growth shrivels from 2.4 mb/d in 2023 to just 400 kb/d by 2028.
Feb 15, 2023 · China will make up nearly half of this year's oil demand growth after it relaxed its COVID-19 curbs, the International Energy Agency (IEA) said on Wednesday, but restrained OPEC+ production...
Jan 24, 2024 · After a steep decline due to COVID-19, oil demand increased to pre-pandemic levels in 2023 at 101.7 million barrels per day (MMb/d). However, growth may not last long, as peak demand is projected to materialize before 2030 across our four bottom-up energy transition scenarios.
