Oil demand in the OECD Americas made a notable comeback in December 2024, reversing the previous month’s decline. Canada led the charge, while the U.S. showed modest growth driven by diesel and LPG consumption. But what’s fueling this shift—and what’s next for 2025 and 2026?
In this article, I break down product-specific trends, economic and weather-related drivers, and provide a forward-looking outlook based on the latest data.
Continue reading the full analysis on my website:
Highlights include:
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December 2024 data and y-o-y comparisons
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U.S. diesel and LPG trends
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2025–2026 demand outlook by product
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Impact of La Niña and economic activity on consumption
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