Tag: Demand
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The Energy Agency: India will lead the demand for oil globally… and China will rank second
India is expected to lead global oil demand, after it was quick to take advantage of Russian rivalries in the wake of the invasion of Ukraine. In an effort to meet the growing needs inside. This came in the words of the head of the International Energy Agency, Fatih Birol, who expected India to overtake…
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The recovery of gasoline demand in China brings fuel exports to the lowest level
Read in this article Chinese refineries began cutting back on refined fuel exports in January. Gasoline exports fell as road traffic recovered in major Chinese cities. Domestic consumption of gasoline was high during the annual Chinese new travel season. China’s seaborne jet fuel exports may also decline in February. Gasoline demand in China is rebounding…
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Fuel demand in India fell 4.6% in January
Fuel demand in India decreased by 4.6% on a monthly basis in January (2023), to 18.7 million tons (132.77 million barrels). This decline came after it reached the highest level in 9 months during December 2022, affected by a decrease in mobility due to cold weather in parts of the country and a slowdown in…
