Gulf Oil and Gas accountACCOUNT

Canada and Mexico Oil Demand in October 2014

Source: OPEC 11/1/2014, Location: North America

In Canada, oil demand growth in July contracted slightly y-o-y. Gains in gasoline, jet fuel and gasoil have been more than offset by declines in LPG requirements. 2014 and 2015 Canadian oil demand is projected to remain roughly at the levels of 2013, marking marginal increases, with risks being equally distributed to the upside and downside. The level of growth will also depend on the development of the economy, and, as with the US, on the degree of fuel substitution.

Falling Mexican manufacturing activity in August 2014, in combination with fuel substitution, have led to decreases in oil demand in Mexico with residual fuel oil and gasoline accounting for the bulk of these decreases. The risks for 2014 and 2015 Mexican oil demand remain skewed to the downside and relate to fuel substitution and the development of the overall economy. In 2014, OECD Americas’ oil demand is expected to grow by 0.13 mb/d compared with 2013. OECD Americas’ oil demand in 2015 is projected to increase by 0.16 mb/d compared with 2014.

Oil News in Canada >>

United States >>  10/28/2019 - Halliburton Company (HAL) announced a multi-year agreement with Repsol to provide a cloud-based master data management solution for exploration and pr...
United States >>  10/22/2019 - TechnipFMC (FTI) has been awarded an integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract by Shell for the Perdido Pha...

Related Categories: Coal  Electricity  General  Natural Gas  Oil 

Related Articles: Coal  Electricity  General  Natural Gas  Oil 

Canada Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2019 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.