First published at 12:40 UTC on January 28th, 2024.
I remain bullish on worldwide oil demand growth as emerging market demand will drive demand.
The average US consumer uses 22 barrels per year. The average Indian uses 4 barrels per year. The average African uses even less. Don't forget depleti…
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I remain bullish on worldwide oil demand growth as emerging market demand will drive demand.
The average US consumer uses 22 barrels per year. The average Indian uses 4 barrels per year. The average African uses even less. Don't forget depletion of 5-7% per year.
We will have periods of cycle demand weakness, but overall, we will need more oil over time.
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