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Global oil demand is growing ‘strongly,’ leading trader says

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SINGAPORE (Bloomberg) -- Trafigura Group has joined other leading energy trading houses in saying oil demand is growing "strongly" this year, suggesting that OPEC’s cheap oil strategy is spurring consumption despite weak economic growth in China and other emerging nations.


“Strong consumption growth," led by gasoline demand in the U.S. and China, Trafigura said in its interim report on Tuesday. The Singapore-based company said it’s now trading more that 4 MMbpd of crude and refined products for the first time, up 46% year-on-year.


http://www.worldoil.com/news/2016/6/7/global-oil-demand-is-growing-strongly-leading-trader-says


Go oil, go oil. Hopefully in a few more years we will be back to $70-80 oil.

Tesla...bah.gif

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