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Although there is little consensus on the timing most expect demand for crude to peak in the coming years
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trading giant Trafigura believes the oil market is about to go back into surplus as the demand recovery
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doubts demand for refined products will return to 2019 level Bloomberg; July 2 Demand growth for refined
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as “surprising given the massive inventory overhangs and depressed demand faced by energy and agriculture markets
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oil market rally will continue as vaccination rollouts boost global economic activity and demand
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will curb demand for transportation fuels Futures fell 1 1 in New York on Jan 31 capping the worst month
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COVID 19 cases in the West and fresh economic lockdowns in Europe that could curb oil demand further
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demand could recover in 2021 not counting jet fuel The Wall Street Journal; June 16 The coronavirus
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Qatar and 1 44 million tonnes per year from ExxonMobil s Gorgon project in Australia Strong gas demand
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rebound in top consumers China and the U S drives a robust recovery in fuel demand About 2 97 billion
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for commodity prices because of the energy transition and the COVID 19 pandemic’s impact on oil demand Shell had
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for a quick V shaped recovery in demand look away now The International Energy Agency published its oil
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15 2020 International agency forecasts oil demand will plateau around 2030 Bloomberg; Oct 13 The oil
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Excess supply along with rising demand is key to establishing a liquid commodity market as opposed
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indicates that even the historic production cuts won’t be enough to offset the demand loss expected from
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2020 Oil producers reach deal to cut output; falling demand still a worry Bloomberg; April 12
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No agreement on when but forecasts all see peak oil demand Reuters; April 21 The COVID 19 pandemic has dented
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record 9 7 million barrels per day or about 10 of global output to lift prices battered by a demand drop
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to shut in 20 of their output wading into global oil politics as the coronavirus crisis slashes demand
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barrels per day of oil and gas equivalent in response to plunging crude prices and fuel demand