The outlook for oil demand growth in 2019 is little changed from the last Oil Market Report at 1.2 million b/d. On the basis that the economic outlook in 2020 is better, there will be a rebound to 1.4 million b/d. This is despite the fact that the International Energy Agency has downgraded its estimate for global oil demand growth in 2Q19 by 0.45 million b/d. There are many reasons for this: European demand is sluggish; growth in India vanished in April and May due to a slowdown in LPG deliveries and weakness in the aviation sector; and in the U.S. demand for both gasoline and diesel in the first half of 2019 is lower year-on-year. Unless the economic backdrop and the trade disputes worsen, global growth is nevertheless expected to be higher in 2H19. There will be support from oil prices, which, if they stay roughly where they are today, will be about 8% below the levels seen last year.