Daily Energy Report
Global oil demand in Q1, Saudis boost Asia price, Trump’s Iran sanctions, China/US oil, China tariff waivers, EU gas problem, Power stocks, Trudeau trade blather, German coal use, and more.
February 06, 2025
Chart of the Day: Are Estimates of Growth in Global Oil Demand in Q1 Too High?
Summary
Global oil demand is expected to reach a record high according to all major forecasts in 2025. However, the rate of growth varies among these forecasts. Comparing demand numbers is irrelevant; what matters is the comparison of growth numbers as shown in Figure (1)