China to Remain Driving Force to Push up Global 0il Demand
Chief of International Energy Agency (IEA) said that China will continue to be a main driving force for the growth of global oil demand.
Fatih Birol, executive director of IEA, said in a press conference at the CERAWeek by IHS Markit that "China continues to be the main driver of global oil demand growth."
Birol added that India follows China in terms of growth in the demand for oil, and together the oil demand of those two countries accounts for about half of the growth in global oil demand.
Meanwhile, he stressed that China's demand shows some weakening, partly because of saturation and partly because of new Chinese policies regarding pollution mitigation.