*The IEA sees global oil demand increasing 2.5mn b/d by 2030, but within this lie significant divergences between regions and with different products.
*The key driver of future demand growth is the petrochemicals sector, and as a result demand is growing for the lighter end of the barrel, with LPG and naphtha leading the way. Jet kerosene also grows by 1mn b/d due to difficulties in displacing oil from the aviation sector. Meanwhile the rise of EVs sees gasoline demand drop by 1mn b/d, and efforts to end oil burn in the Middle East causes fuel oil demand to fall by 400,000 b/d. (CONTINUED - 209 WORDS)
