Latest Analysis /
East of Suez Oil Service
Energy Advisory #456 - Asia Pacific Demand Outlook, Key Trends to Watch
Published: 28 March, 2024
Highlights:
- Asia’s oil demand to grow by 1.2 mmb/d y-o-y in 2024. Jet fuel recovery trudges on, while petchem market could rebalance soon.
- Total oil demand in Asia is set to peak around 2035. LPG and naphtha will lead the long-term increase, while declines in gasoline and diesel will start by 2035.
- EV sales ...
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