EFTA Document EFTA01367326

31 May 2015 Integrated Oil US Integrated Oils Global Oil Demand and Decline Rates - Our base case assumes 1.2 MMb/d of global product demand growth in 2016 (vs. 2015), an improvement over the current 2015 growth outlook (1.1 MMb/d). Although demand in 2015 has exceeded expectations (current estimate revised higher vs. initial 1 MMb/d). with particular strength seen in US gasoline and European product demand. increasing efficiencies in global fuel consumption, or a slowing global economy