Sep 26, 2017 10:16 AM IST | Source: Reuters
Rising diesel consumption is main driver for higher oil demand in 2017: Shell
"Last year, the majority of the demand growth (was) other products and gasoline. Diesel only made up 27 percent of year-on-year demand growth. This year it is 50 percent and that is huge," said Mike Muller, Shell's vice president of crude trading and supply, at an industry conference in Singapore.
Rising demand for diesel fuel this year has been the main reason for higher crude oil demand in 2017, said an executive from oil major Royal Dutch Shell on Tuesday.
"Last year, the majority of the demand growth (was) other products and gasoline. Diesel only made up 27 percent of year-on-year demand growth. This year it is 50 percent and that is huge," said Mike Muller, Shell's vice president of crude trading and supply, at an industry conference in Singapore.
