Global Demand Dynamics: Determinants and Policy Issues

This presentation analyses some of the key relationships that are important for understanding global oil demand dynamics. It discusses the income and price determinants of oil demand as well as non-price factors such as the impact of government policies and other factors external to the oil market and which can have a drastic impact on oil demand. It emphasises that the relationship between oil demand and these determinants is far from linear and any analysis of oil markets should take into account non-linear and threshold effects and the cumulative and possibly irreversible nature of some of these effects.

By: Bassam Fattouh

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