#Oil products account for 9.8 quads of #energy demand growth (about 5.7 million bbl/d in volume terms) in #China and #India combined, or approximately one-third of their collective primary energy demand increase by 2030.
As with primary energy, China's oil product demand growth exceeds India's by close to a 2-to-1 ratio, though the latter sees a significantly higher growth rate.
Saudi Arabia follows India at a distant 3rd, with 670 thousand bbl/d of demand growth, comprised primarily of gasoil, ethane, and other light products.
The US and #Japan lead the largest declines, followed by three of the 5 largest European markets.
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