With global oil demand under severe strain the outlook for global seaborne crude imports remains negative this year. Major crude importers in the US, Japan and Euro-4 are set to see oil demand fall by lm bpd, 0.65m bpd and 0.32m bpd respectively. The room for global crude imports growth this year is increasingly limited to a select group of developing Asian economies. Crude imports to China are expected to show slight growth this year of 3% as the world's third largest economy experiences a slowdown in the growth of oil demand.
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