Sentences with phrase «largest oil demand growth»
«Russia is the biggest rival to the Saudis in the single - largest oil demand growth country in the world,» RBC Capital Markets» commodity strategist Michael Tran wrote.
http://www.businessinsider.com/ Not exact matches
But stringent fuel - efficiency measures for cars and trucks, and a shift which sees one - in - four cars being electric by 2040, means that China is no longer the main driving force behind global oil use — demand growth is larger in India post-2025.
Powerful impetus from other sectors is enough to keep oil demand on a rising trajectory to 105 mb / d by 2040: oil use to produce petrochemicals is the largest source of growth, closely followed by rising consumption for trucks (fuel - efficiency policies cover 80 % of global car sales today, but only 50 % of global truck sales), for aviation and for shipping.
What sector will account for the largest source of oil demand growth over the next two decades?