oil demand

Current concerns around the company are that the International Energy Agency has recently said oil demand will be down over the next year.

He supports the Greenpeace view and said the correlation between oil demand and GDP growth has been weakened.

The main driver has been sustained growth in oil demand. That, in turn, has been the result of four years of exceptional economic growth.

The bank said it expects Chinese oil demand to continue growing 4. 5% to 5. 5% a year over the next two years.

Estimating world oil demand is something of an inexact science.

Saudi Arabia had been warning that crude oil demand towards the end of the year could be stronger than Opec's official projection.

World oil demand is likely to fall by about 1. 6 million barrels a day this year, the Goldman analyst said today at a conference in London.

Some analysts said the market was concerned that the stock market plunge could hurt oil demand .

The Energy Department is forecasting a flattening of oil demand in the U. S. and a buildup in oil and gasoline stockpiles.

AFP, Paris. The world oil demand is still sluggish this year, but will recover next year, the International Energy Agency said in a report.

The news came as the International Energy Agency cut its forecast for world oil demand in the next five years.

'The drop in US oil demand dwarfs the increase in oil demand from China, ' he said.

Many economists argue that the link between China's price controls and its booming oil demand is not so clear. Cars are one example.

With Chinese oil demand surging, energy security has been a much-discussed theme in Beijing.

The forecast for recovery is premised on a revival in global oil demand, stabilizing oil prices and a rebound in key export markets.

The economic downturn in the U. S. , by far the world's largest oil consumer, has taken some steam out of oil demand.

Nonetheless, the report noted "weaker prospects for North America, where high oil prices may have finally begun to dent oil demand" .

Meanwhile, oil-demand growth is expected to ease in fuel-hungry China, as the economic slowdown in its Western export markets takes hold.

Although the United States inventory at historical highs, but further recovery is expected to boost crude oil demand in the global economy.

But the starting point was the fundamentals -- the surge in oil demand driven by powerful economic growth in emerging markets.

Investors had hoped for solid growth in oil demand from China, but it has been weakening there, as well as in the US.

When global oil demand picks up again, Brazil will be well positioned to take advantage of rising prices thanks to a larger export base.

Global oil demand is slowly rising as the U. S. and other major economies recover. Inventories of oil and fuel stockpiles in the U. S.

But as economic growth slows in the United States and debt crisis deepens in the euro zone oil demand may be slowing.

Only India and Saudi Arabia were expected to see positive oil demand growth while consumption in China would fall slightly or remain flat.

But as oil demand shifts to Asia, so responsibility for responding to shocks must also move with it.

The power shortage has forced companies to run on diesel-fired portable generators, boosting oil demand.

"Global oil demand in no longer declining . . . (and) appears to be on the rising path in 2010, " he added.

In the first half of this year, the statistics for oil demand growth were unusually high because of a low base during the financial crisis.

The latest rise comes as the economic recovery fuels a jump in oil demand after the first global decline in a quarter century.

The greatest driver for oil demand will come from the transportation sector, ac-cording to Fatih Birol, the IEA's chief economist.

In a historic shift, all projected increases in oil demand will now come from the developing world, mainly China, India and the Middle East.

Economic demand shocks are the world economic factors that impact oil price fluctuation through world oil demand volatility.

Central banks may have affected oil indirectly, by raising global growth prospects, which in turn buoy expectations for oil demand.

But while U. S. drivers and industries have been slow to increase energy consumption, Chinese oil demand is strong.

By the time oil demand collapses this time around, it similarly may be too late to prevent economic collateral damage.

Shrinking global oil demand and the collapse in crude prices has hit members of the Organization of the Petroleum Exporting Countries hard.

Many private forecasters went into the year predicting that world oil demand would jump by around 1. 3 million barrels a day in 2008.

The U. S. Department of Energy projects that, by 2030, Asia's oil demand will account for 36% of the world's total, up from 29% this year.

In the United States, transportation accounts for about two-thirds of oil demand.

Oil demand in developed countries has shrunk, but in Asia, particularly China, and the Middle East it's still growing at a fair clip.

And, despite China's hand-wringing over the economy, that largely means the return of Asian oil demand.

Forecasters have recently downgraded their expectations for next year, seeing tepid growth in overall oil demand.

The IEA's most worrying comment Friday concerned oil demand: 'The pace of contraction is close to early 1980s levels.

The gap of oil supply and oil demand can only be balanced by importing.

Dalian is an important crude oil reserves and refining and chemical base of China and its crude oil demand is very big.

If more countries follow suit and cut subsidies, higher prices would slow the pace of the region's oil demand growth.

The price increase mystifies some analysts, who say that oil demand remains weak.

'China's oil demand outlook has become increasingly crucial for global oil balances, ' the IEA said in a February report.

Nevertheless, analysts said oil prices could rise further in the short term on still robust oil demand and lagging oil supplies.

Looking ahead, oil demand growth is likely to moderate with the slower global growth envisaged for the second half of 2008 and for 2009.

In the past three years, crude-oil demand grew an average of about 9% a year, according to the IEA.

Analysts say actual oil demand so far has not recovered from last year's fall strongly enough to drive prices higher.

Global oil demand is being driven by China and the rest of the developing world.

Fears of renewed crude oil demand, the strength of the dollar index is the oil city under pressure.

But Americans who blame rising global oil demand and prices on Asia's cheap-energy policies should look closer to home too.

One question remains: how demand for gasoline-which comprises roughly a third of total oil demand-will develop.

"Oil demand will be slightly weighed down by the hike, " said Nick Mai, Beijing-based analyst with Argus.

China's base oil demand is also uncertain, even though the high production season for lubricants is expected to start next month.

Global oil demand is undeniably slowing down, particularly in developed nations.

Saudi Arabia says it could suffer from any global pact that curbs oil demand by penalising carbon emissions.

As the gravity of the global recession has become clear, economists have recalibrated their views of oil demand.

Economy development is a main reason for crude oil demand, so different economic development will result in different crude oil demand. 2.

this suggests destocking by refiners , not a fall in underlying oil demand.

Predictions on oil demand of different agencies at home and abroad ?

But China's oil demand isn't quite as weak as those numbers alone suggest, analysts and economists say.

China's growing oil demand underpins rates for very large crude carriers, the largest commonly-used oil tankers, of about $60, 000 a day.

Chinese oil demand is heavily skewed toward non-industrial uses. . .

The US energy department said global oil demand will fall this year and next, marking the first two consecutive years' decline in 30 years.

The outbound trend stands to continue as oil demand rises by near-double digits this year.

"Global oil demand has recovered its pre-recession peak, " Mr Osborne says.

And crude oil tumbled back to $91 a barrel. After the International Energy Agency cut its forecast for global oil demand through 2008.

the report, the agency reduced its forecast for growth in world oil demand this year.

And that means a continuing drive to reduce oil demand.

Last month, the International Energy Agency revised up its forecast for China's oil demand this year, to 8. 25 million barrels a day.

I think we will reach peak oil demand in the middle of the next decade.

The agency said it was sticking with its forecast of a 0. 9% decline in 2009 in China's apparent oil demand.

More energy efficiency could reduce oil demand growth.

Prospect for China's Oil Demand and Supply--Analysis Reports from "2004 Chinese Oil Market Workshop"

Fuel oil demand has been stronger than expected, helping to tighten the balance.

The move is important because the rise in production together with weak global oil demand could increase inventories and depress prices.

Oil demand grew rapidly as America became the world's dominant industrial power.

"China's 4 trillion yuan stimulus has created a boom in the automobile industry. That would lead to more oil demand, " he added.

Jet accounts for only about 4 per cent of China's oil demand, whereas gasoline and diesel make up more than half.

"This unusual pattern reflects the world's new oil demand dynamics, " the IEA said.

Oil demand is expected to grow by just 220, 000 barrels a day next year, the agency, which advises 28 industrialised countries, said today.

This way needs to divide industries to four grades by their importance and the flexibility of oil demand.

China is displaying some Olympic-size oil demand of late.

They consume over half of the world's energy and have accounted for four-fifths of the growth in oil demand in the past five years.

So this year, economic forces already take global oil demand back to the peak set in 2007 and 2008.

These factors may lead the world's major crude oil demand in the consumer area.

From 1999 to 2007, the global economy boomed and oil demand increased quickly pushing oil price rise rapidly.

The IEA estimates oil demand this year will fall by 3%, the sharpest drop in about 30 years, to about 83 million barrels a day.

Car usage is also only one aspect of China's increasing oil demand.

"We now expect an outright contraction in global oil demand in 2009. "

Global oil demand will start growing again in 2010, but only slowly.

Why all the fuss over oil demand?

Chinese crude-oil demand rose 3. 9% in April over the previous year, according to Reuters.

While oil demand has risen inexorably in China, domestic production has barely increased.

"US oil demand won't recover soon. "

Since second half in 2002, with a new round development of economy in China, crude oil demand also increases quickly.

Crude Aid: As Global Oil Demand Tightens, A Big Producer Has Own Agenda.

Oil demand continues to rise, especially in developing economies such as China.

In its World Oil Outlook 2008, Opec said that the key to future oil demand growth would be transport, especially in developing countries.

Chinese oil demand surged 7. 2% from 2008 as the government's stimulus package revived construction and car sales.

Analysts expect Chinese oil demand to grow 5-10 per cent this year.

As a result, Japan saw the biggest jump in year-on-year oil demand since September 2007.

There is even talk of global oil demand falling next year, for the first time since 1991.

Global oil demand looks set to contract this year for the first time in 25 years, with more declines expected in 2009.

if , on the other hand , china has a hard landing and its oil demand falls , expect prices to plunge.

Crude-oil demand growth in China has cooled some, too, but not dramatically.

Indeed, US oil demand is below its level of 10 years ago.

Global oil demand will increase 18 per cent to 99m barrels a day in 2035, from 84m a day in 2009, the report states.

Global oil demand rose 3. 4% last year, the IMF said in the latest release of chapters from its semiannual World Economic Outlook report.

Global oil demand fell to 85 million barrels a day in 2009, down 1. 4% from 2008, and lower than in 2007.

Along with our country economy rise in high speed, the oil demand increases rapidly, the supply-demand contradictory reveals prominently.

In China, oil demand is estimated to rise 5 to 10 percent this year, but the government has resisted calls to end price controls.

I think this is the One Big Thing that could significantly cut into oil-demand growth and make predictions of $200-a-barrel oil wrong again.

Platt's says that first-quarter Chinese oil demand fell 4. 8% compared with the first quarter of last year.

Oil demand, for example, has already cooled from the torrid level of 2010.

Total US oil demand over 2008 is down 1m barrels a day compared with last year.

The annual growth in oil demand from road transportation in China will be between 3. 9% and 5. 1% from 2005 to 2050, the study concludes.

The pace of growth in China's oil demand slowed to 4% last year.

consensus forecasts already factor in much slower chinese oil demand growth this year

IEA Slashes Oil Demand Estimates On Fear Of New Global Slowdown

OPEC trimmed its global oil demand growth forecast for 2011 and warned it could cut the outlook further,

Asia proves bright spot amid weak oil demand

Predictions on China's Oil Demand According to Gray System Theory

Opec to seek assurances on oil demand

Oil demand of road transport

Study on China's Oil Demand Model

Oil demand shrinks in the West

Co-integration Econometric Analysis of Oil Demand Quantity in China

Accelerated increase in China's oil demand

Oil Demand and Oil Substitution Strategy in China