Global Synchronous Expansion To Support Oil Demand Growth In 2018 - Goldman
|Comments from Investment Bank Goldman Sachs are cross the wires via Reuters-
- Global synchronous expansion to support oil demand growth in 2018.
- Sees current momentum creating upside risks to the 4.1 pct global GDP growth we are assuming and, as a result, to our already above-consensus 1.7 million barrels per day (mbpd) demand growth forecast.
- For 2017, we now estimate global oil demand growth of 1.64 mbpd.
- Macroeconomic data has continued to surprise to the upside and is indicative of a globally synchronized economic expansion that appears to have accelerated in recent months.
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