Global oil demand is projected to rise by just over 1 million barrels per day (mb/d) in 2025, up from 830,000 barrels per day (kb/d) in 2024, reaching a total of 103.9 mb/d. Asia, led by China, will account for nearly 60% of this growth, with China’s petrochemical feedstocks driving the increase. However, an uncertain …

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