Sign Up
Stories
China's Surge in Fossil Fuel Demand Drives Global Oil Demand Upward
Share
China's Surge in Oil Demand and OPEC's D...
China's Surging Appetite Drives Global O...
Oil Prices Plunge 20% as Demand Weakens
Alberta's Budget Surplus Decline Forecas...
Asia's Fuel Oil Market Softens in 2024
Asia's Oil Imports Surge
Overview
API
China's increased interest in fossil fuels and the lack of disruption in supply flows are driving global oil demand upward, according to the International Energy Agency (IEA). OPEC disputes negative oil market sentiment, citing strong fundamentals and stable demand growth projections. However, the IEA warns of the risk of even higher oil prices this year if OPEC+ continues to restrain crude production.
Ask a question
How might China's increased demand for fossil fuels impact global energy markets?
What are the potential consequences of higher oil prices for global economies?
What factors contribute to OPEC's strong fundamentals and stable demand growth projections?
Article Frequency
0.2
0.4
0.6
0.8
1.0
Apr 2023
Jun 2023
Aug 2023
Oct 2023
Coverage
busin