London-US oil demand surged 500,000 b/d last year, the biggest increase in more than a decade, as the country’s new wave of petrochemical plants soaked up more of its fast-rising, shale-sourced ethane production, BP said Tuesday. The world’s biggest oil consumer saw demand for crude and liquids rise 2.5% to 20.46 million b/d in 2018, accelerating a trend of rising oil demand since a recent trough in 2009, BP said in its annual Statistical Review of World Energy.
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