The phrase "oil demand" refers to the amount of oil that people and industries need or want to use. It represents how much oil is necessary to meet various needs, such as fueling vehicles, heating homes, and powering machinery. Full definition
But one often - overlooked fact is that passenger cars represent only a relatively minor share of global oil demand growth. (iea.org)
The future of the oil sands lies with the growth of oil demand in Asian markets, not in American ones. (jeffrubinssmallerworld.com)
However, recent encouraging data about global oil demand growth is making some observers and players in the industry more bullish on oil prices. (oilprice.com)