Oil Demand

dan_s · Post by **dan_s** » Mon Oct 05, 2015 12:06 pm

I believe the next IEA "Oil Market Report" will show a big increase in global demand next week. Read this.

http://www.reuters.com/article/2015/10/ ... NX20151001

As I have been posting here for months, in the 2008-2009 oil price cycle both EIA & IEA forecast models lagged in picking up the increase in demand caused by lower fuel prices. I believe they are doing it again. I believe demand could be up 2.5 million barrels per day YOY in 2015. IEA has increased their demand forecast for 2015 and 2016 in the last three Oil Market Reports. The next one will be published early next week.