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Goldman sees strong oil demand through 2018

Reuters 

(Reuters) - Goldman Sachs said it expects global oil demand growth to remain strong this year and contribute to further declines in oil inventories."We believe that the combination of strong developed markets momentum and accelerating emerging markets growth will combine to keep oil demand growth above consensus expectations, with our 2018 year on year forecast at 1.85 million barrels per day (mb/d)," Goldman said in a note dated Thursday.Global oil demand in 2018 has come in line with its optimistic expectations, with the first quarter likely to post the strongest year on year growth since ...

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First Published: Fri, April 20 2018. 10:49 IST
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