Cold weather increases consumption. The world is getting hotter. The 14 hottest years in history have been in the last 25 years. The warmer the climate - the less oil is consumed for heating. In the Western developed countries it is still strong.
Growth is about to recover in South East Asia.
This should increase oil consumption for industrial purposes. The more exploration, the more reserves are discovered and exploited, thereby increasing the supply side of the oil equation. This tends to depress demand for newly produced oil. Then, a sharp drop.