Argentina Oil Demand - May 2017

Source: OPEC 5/30/2017, Location: South America

Oil consumption in Argentina was flat during the month of February 2017, despite sharp positive and negative gains in the product categories. While jet/kerosene and LPG recorded sharp gains of 13% and 7%, respectively, fuel oil and diesel oil declined by 39% and 1% y-o-y, respectively.

Going forward, risks for 2017 oil demand growth in Latin America are leaning to the upside, mainly due to expectations for improved economic conditions in Brazil. On the other hand, negative notions could result from slower-than-expected development of the overall economy in the region, as well as unexpected weather conditions, which could limit the potential for oil demand growth.

Latin American oil demand declined by 90 tb/d in 2016. During 2017, oil demand growth is forecast to rise by 60 tb/d from the levels seen in 2014.

Related Categories: Coal  Electricity  General  Natural Gas  Oil 

Related Articles: Coal  Electricity  General  Natural Gas  Oil 


More News

Oil & Gas Companies in Argentina >>

Related Links

Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.