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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
OIL
Growth in world oil demand is set to lose momentum over the 2022-28 forecast period as the energy transition gathers pace according to the IEA. Total oil consumption growth will remain narrowly positive through 2028 to 105.7mb/d, 5.9 mb/d above 2022 levels.
- Petrochemicals are set to account for more than 40% of oil demand growth through 2028 according to the IEA. The petrochemicals increase will be led by Naphtha partly due to the expansion of production facilities in China.
- Projected road traffic demand for 2028 would be 7.8mb/d higher without the savings from new EVs and efficiency improvements since 2022.
- Jet fuel demand is set to increase but won’t recover beyond 2019 levels until 2027 due to substantial improvement in aircraft efficiencies.
Source: IEA
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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