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What the future holds in store-IV: Transportation sector will account for half of global oil growth
Mar 15:   Which are segments which will see the highest growth in the five year forecast, going up to 2022?
8The transport sector – that’s road, water and air, airplanes – is forecast to lead growth through to the year 2022, and that the transport sector will probably account for about half
of the oil growth projected worldwide.
8The petrochemical sector accounts for roughly one-third of the global oil demand growth.
8Then again, the pending 2020 IMO bunker fuel regulation will likely to trigger the unspecified switch of around 2.5 million barrels per day out of the high-sulfur fuel oil.
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