Oil demand

A sustainable transportation policy for ASEAN

Southeast Asia’s roads are home to over 20 million cars. This number is expected to rise to 62 million by 2040 according to the International Energy Agency (IEA). At the same time, new high-speed rail systems are being built all over the region, resulting in the recent infrastructure boom. The growth of the transportation sector is a welcome sign as it indicates that the region is catching up economically with the rest of the world.

2 October 2018
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Transportation industry to drive oil demand in Southeast Asia

Norway, Germany, France and the United Kingdom (UK) have already announced an end date for the sale of gasoline and diesel cars. Norway has set its deadline as 2025 earliest, Germany and India in 2030 while France and the UK are planning to end the sale of gasoline and diesel cars in 2040. Meanwhile, other countries are also mulling doing the same thing.

15 April 2018
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