Oil Demand going up

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dan_s
Posts: 34648
Joined: Fri Apr 23, 2010 8:22 am

Oil Demand going up

Post by dan_s »

China oil demand for the first four months in 2015 has been stronger than expected and decoupled from weak industrial production growth. Lower oil prices have helped stimulate SUV sales which are in turn pushing up demand for gasoline. As demand proves more elastic to price than many expect, we anticipate further positive revisions to demand, which will be positive for oil price and oil linked equities in the near term.

Read: http://online.barrons.com/articles/how- ... s&ru=yahoo

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In the last big dip / rebound for oil prices (2008-2009) both IEA and EIA grossly underestimated the demand increases because of lower fuel prices. I believe they are doing it again. I think demand forecasts will continue to rise month-after-month.
Dan Steffens
Energy Prospectus Group
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