Global oil demand is not in decline. There is still the normal seasonal swings that happen every winter, but demand continues to rise, although slower than it was.
2. The low oil prices themselves are the real problem. In this case, the cause of the low prices could be alarming. If the price drop is driven by a steep decline in global demand, then that itself is an indicator of an overall economic decline that goes far beyond just the energy sector.
Sorry — need a correction there. The low oil prices themselves are NOT the problem.
Demand for fuel will increase with decrease in price.
Global oil demand is not in decline. There is still the normal seasonal swings that happen every winter, but demand continues to rise, although slower than it was.