After years of soaring growth, Asia’s fuel demand falters

SINGAPORE: After years of often explosive growth, fuel consumption in Asia’s biggest economies is stuttering, undermining efforts led by the Organisation of the Petroleum Exporting Countries (Opec) to end a global supply glut and lift prices.

Gobbling up over a third of global supplies, Asia is the world’s biggest and fastest growing region for oil consumption, and its seemingly insatiable fuel thirst has long been a core support for prices.