Transportation (road, air, marine) remains the largest sector, accounting for about half to two-thirds of global oil demand, with road transport alone responsible for around 50% in OECD countries.
Petrochemicals (plastics, fertilizers, synthetic materials) are the second-largest and fastest-growing sector, driven by demand for feedstocks.
Heating and electricity use is declining in some regions due to electrification and renewable energy adoption, but still significant in others.
Aviation and industrial use (including manufacturing and machinery) round out the top five.
For more granular data, the IEA and OPEC provide detailed sectoral breakdowns and forecasts. Would you like a regional breakdown or further details on a specific sector?
Oct 5, 12:24am
This is a shared conversation and may include unverified content that doesn't reflect Mistral AI's views. Login to resume chatting.
This is a shared conversation and may include unverified content that doesn't reflect Mistral AI's views. Login to resume chatting.
Vibe can make mistakes. Check answers. Learn more