OPEC’s Barkindo: Global oil demand growth has been robust

OPEC Secretary General Barkindo crossed the wires last minutes, via Reuters, commenting on the global oil demand outlook.
Key Points:
No doubt oil market is rebalancing at accelerating pace
Balanced oil market in sight
Global oil demand growth has been robust
Signs of stronger trend
Expects oil demand to surpass 100mn bpd as early as 2020
OECD oil stocks fell further in Sept to stand at around 160m bpd above 5-year average
Author

Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

















