BP CEO: Global Oil Demand Keeps Exceeding Expectations ...Middle East

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BP CEO: Global Oil Demand Keeps Exceeding Expectations
source : OILPRICE ( Middle East ) () 112
Global oil demand continues to surprise on the upside, BP Plc (NYSE:BP) Chief Executive Murray Auchincloss told the Energy Intelligence forum in London on Monday, saying that oil demand kept rising on average by more or less 1% each year, with BP predicting robust oil consumption for the next 5-10 years. Commodity analysts at Standard Chartered have reported that global oil demand hit an all-time high of 103.79 million barrels per day (mb/d) in August, marking the third successive month in which a new all-time demand high has been set. According…

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