Global Oil Demand is going up
Posted: Thu Aug 03, 2017 9:40 am
Demand for oil based refinery runs surged to an impressive 17.4 million barrels of oil a day at 95.4% of capacity. Strong gasoline demand also helped support the oil complex even as US oil production increased by 20,000 barrels and crude supply fell by a less than expected 1.527 million barrels. Gas demand is at a record 9.842 million barrels a day and that should help drive retail prices higher with increased geopolitical risk from Venezuela. The death of gasoline demand predicted by some analysts looks to be greatly exaggerated.
Read: https://www.investing.com/analysis/the- ... -200204997
Read: https://www.investing.com/analysis/the- ... -200204997