Today’s article is by Robert Rapier and is entitled “Rising Oil Demand: What It Means for Investors”
The latest review by BP of the world’s oil market concludes that the demand for oil is as great as ever. The energy sector and the stock market often move together, so the fortunes of oil and gas can affect all investors. According to BP, the world set a new oil consumption record of 99.8 million bpd in 2018, and that is the ninth straight year that global oil demand has increased. Oil demand in 2018 grew by 1.5%, ahead of the decade-long average of 1.2%. The USA was the principal contributor to the oil supply equation.
You can read today’s entire article by clicking HERE
