WoodMac: Third-Quarter Oil Demand Sets All-Time Record

Oil & Gas Journal Online, December 8, 2010
Worldwide oil demand for this year�s third quarter will set a record at 88.3 million barrels per day (b/d), said Wood Mackenzie Ltd., Edinburgh, in its latest analysis...Leading the recovery in oil demand are China and the rest of Asia. WoodMac�s provisional data through September shows that gasoline, diesel, and gas oil demand in China are growing at a rate of about 8%/year. In India, diesel and gas oil are growing at 7%/year and gasoline at 11%/year. As a comparison, this year the Asian market will be 3 million b/d larger than the North American market; in 2008 it was 1.4 million b/d larger. More