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Core Clean Product Demand to Rise 1.1mbpd in 2024: Kpler

OIL PRODUCTS

Core clean product demand is projected to rise by approximately 1.1mbpd in 2024 according to Kpler

  • Demand will be primarily driven by minor gains in the US and with the enduring strength in the East of Suez as the momentum in both India and China is to be retained.
  • Middle distillates will be supported as shifting monetary policies in the US are set to positively impact domestic manufacturing.
  • Europe remains a cause for concern with minimal gains amid a somber economic outlook.


Source: Kpler

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