Investing Daily: What Rising Oil Demand Means For Investors

July 16, 2019 Bob Weir Industry, Investing Daily, Investor Insights, Oil & Gas

Investing Daily is an investors’ website where experienced investment analysts provide insight on a wide range of investment topics.

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

 

About Bob Weir 3242 Articles
Bob Weir has over 50 years of investment research and analytical experience in both the equity and fixed-income sectors, and in the commercial real estate industry. He joined eResearch in 2004 and was its President, CEO, and Managing Director, Research Services until December 2018. Prior to joining eResearch, Bob was at Dominion Bond Rating Service (DBRS).

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