Are the super-cycle dynamics for oil changing?

Commodities

clock

Angelos Damaskos, investment adviser at Junior Oils Trust, takes a closer look at what has driven demand for oil and whether these trends are set to continue.

Oil demand patterns have changed significantly over the last decade. Historically, the first and the last quarters of the year saw higher demand due to the cold winter period in the developed countries. In 2012, world consumption of oil was higher by almost one million barrels per day in the second and third quarters. The reason for this is primarily due to China, India, Saudi Arabia and Brazil – the world’s fastest growing economies over the past decade – burning more oil during the warmer seasons, among other things to provide electricity for air-conditioning. It is becoming clear that...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Commodities

Charles Stanley Direct: Explaining the gold spike

Charles Stanley Direct: Explaining the gold spike

Reaching a record high

Rob Morgan
clock 05 December 2023 • 4 min read
London Metal Exchange wins legal case against nickel trading suspension

London Metal Exchange wins legal case against nickel trading suspension

Brought by Elliot IM and Jane Street

Elliot Gulliver-Needham
clock 30 November 2023 • 1 min read
RBC Brewin Dolphin's Janet Mui: Energy price volatility is here to stay

RBC Brewin Dolphin's Janet Mui: Energy price volatility is here to stay

Energy price shocks

Janet Mui
clock 21 November 2023 • 4 min read
Trustpilot