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Jun 3, 2024 · The May monthly outlook from OPEC estimated total Asian demand growth of 1.27 million bpd in 2024. If that forecast is to be realised it would suggest that Asia's imports would be rising strongly ...
- Asia's first half crude oil imports slip, undermining bullish ...
Overall, OPEC is expecting Asia's crude demand to rise by...
- Asia's first half crude oil imports slip, undermining bullish ...
Emerging economies in Asia, particularly China and India, account for all of global demand growth. By contrast, oil demand in advanced economies falls sharply. Rising world oil supplies, led by non‑OPEC+ producers, are expected to surpass forecast demand from 2025 onwards. Mirroring demand’s break with long-term trends, a front-loaded build ...
4 days ago · Refining margins slumped further in September as gasoline, jet and diesel cracks deteriorated while crude prices improved on a relatively tighter market. As a result, global crude run estimates are further reduced by 180 kb/d to 82.8 mb/d for 2024 and by 210 kb/d to 83.4 mb/d in 2025, representing annual gains of 540 kb/d and 610 kb/d, respectively.
Mar 14, 2024 · Global oil demand is forecast to rise by a higher-than-expected 1.7 mb/d in 1Q24 on an improved outlook for the United States and increased bunkering. While 2024 growth has been revised up by 110 kb/d from last month’s Report, the pace of expansion is on track to slow from 2.3 mb/d in 2023 to 1.3 mb/d, as demand growth returns to its historical trend while efficiency gains and EVs reduce use.
Dec 14, 2023 · But global demand growth would slow to 420,000 b/d in 2024. "Asia has contributed 60% of global kerosene and jet demand growth in 2023 and will continue to lead by contributing 64% in 2024," Zhuwei said. As demand rises, Asian refiners are rushing to finalize their plans for early 2024.
Jul 1, 2024 · Overall, OPEC is expecting Asia's crude demand to rise by 1.3 million bpd in 2024 from the previous year, consisting of 720,000 bpd for China, 230,000 bpd for India and 350,000 bpd for the rest of ...
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Apr 28, 2022 · Asia's oil demand outlook for 2022 is starting to look dimmer than what it was a couple of months earlier, as China's strict lockdowns aimed at battling the resurgence of the COVID-19 pandemic overshadow positive oil demand signs emerging from the rest of Asia.
