Despite Increasing Focus on Electric Vehicles, Global Oil Demand Still Growing in the Short Term, Supporting Refining Margins, IHS Markit Says
IHS Markit Ltd. Common Shares (INFO)
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Source: Business Wire
Strong demand growth for oil expected through 2020, as refiners enjoy extended “mini”-golden age HOUSTON--(BUSINESS WIRE)-- Short-term oil demand is still growing strong and will continue to do so through the end of 2020; a trend taking place despite the market’s increasing focus on electric vehicles and the forecasted future plateau in oil demand, according to new analysis from IHS Markit (Nasdaq: INFO), a global business information provider. This press release features multimedia. View the full release here:https://www.businesswire.com/news/home/20180419005286/en/ Five-year Rolling Aggregate Global Liquids Demand Growth Source: IHS Markit 2018 Refined product demand growth has averaged 1.2 million barrels per day over the last five years1, IHS Markit says in the new report from its oil markets and research team. Current global total liquids oil demand growth is at similar levels to what was recorded duri
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