In its monthly report, the International Energy Agency (IEA) painted a bleak picture for oil demand, Commerzbank’s Commodity Analyst Carsten Fritsch notes.
China to see an increase in demand of 180,000 bpd in 2024
“In the first half of the year, it increased by only 800,000 barrels per day compared to the previous year. This is only one-third of the increase in the previous year. For the year as a whole, the IEA expects demand to grow by 900,000 barrels per day. In July, demand for oil in China was down year-on-year for the fourth consecutive month.”
“The IEA now expects China to see an increase in demand of 180,000 barrels per day in 2024. The growth engine China has thus become a drag on growth. For next year, the IEA expects only a slight acceleration. Global oil demand is expected to increase by 950 thousand barrels per day, with demand in China rising by 260 thousand barrels per day. This means that global demand growth would lag behind the IEA's expected increase in non-OPEC oil supply.”
免責事項：本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。
