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Global Economy To Drive Strong Oil Demand In 2019, Says IEA

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LONDON—The world’s appetite for oil should remain robust throughout next year even as U.S. production continues to dominate supply growth, the International Energy Agency said Wednesday.

In its closely watched monthly oil market report, the IEA laid out for the first time its oil demand forecast for next year, saying it expects demand to grow by 1.4 million barrels a day in 2019, on par with this year. A significant part of that growth will be driven by rising demand for petrochemicals, the agency said.

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Source : https://www.wsj.com/articles/strong-global-economy-to-drive-oil-demand-in-2019-says-iea-1528876805

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