Oil Demand going up
Posted: Wed May 27, 2015 10:55 am
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.
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.