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Product Alert - Asia’s 2024 oil demand—risks and opportunities

Published: 21 December, 2023

Highlights:

  • Asian oil demand grew by a stellar 1.9 mmb/d in 2023, accounting for 80% of global demand growth. China was the single largest contributor, with its post-COVID recovery prompting a 1.5 mmb/d rebound in demand.
  • Regional growth will slow in 2024, albeit still a sizable 1 mmb/d. Growth from China will ...

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