Short-term pain: Asia Pacific oil demand forecast to grow despite near-term decline

Impact of Covid-19 and a weak global economy weighing on current demand but consultancy anticipates growth over longer term

Demand growth: Wood Mackenzie predicts fuel demand will recover in Asia over the longer term despite declines this year due to the Covid-19 pandemic
Demand growth: Wood Mackenzie predicts fuel demand will recover in Asia over the longer term despite declines this year due to the Covid-19 pandemicPhoto: REUTERS/SCANPIX
Published 28 July 2020, 04:24Updated 28 July 2020, 04:24