Global oil demand growth to remain strong this year – Goldman Sachs

In its latest client note, analysts at Goldman Sachs delivered their optimistic expectations on the global oil demand growth for this year.

Key Quotes:

“We believe that the combination of strong developed markets momentum and accelerating emerging markets growth will combine to keep oil demand growth above consensus expectations, with our 2018 year on year forecast at 1.85 million barrels per day (mb/d).” 

“Global oil demand in 2018 has come in line with its optimistic expectations, with the first quarter likely to post the strongest year on year growth since fourth quarter 2010 at 2.55 mb/d.”