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
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