China to continue to drive global oil demand growth

Alex Davis
10 Jun 2010

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China will provide almost half of oil demand growth between 2010 and 2015, according to the latest oil market report from the Paris-based International Energy Agency (IEA).

"China is currently seen generating 40% of 2010 incremental demand and nearly 45% of 2010–2015 growth," the agency said in the report.

Higher-than-expected preliminary OECD demand accounted for a slight 60,000 bbl/day upwards revision to the IEA's previous global forecast for 2010, nudging-up year-on-year growth expectations

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