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Global trade boom fires up oil demand
The strongest run in global trade expansion for several years has boosted demand as planes, lorries and ships move more goods around the world
Add BT as a preferred sourcePublished Wed, Mar 7, 2018 · 09:50 PM
London
FOR clues on accelerating oil demand, look to the seas and skies. The strength of oil consumption took analysts by surprise last year, and played a big role in crude's recovery to a three-year high in January.
Demand this year could even turn out to be "way in excess" of 2017's exuberant levels, Khalid al-Falih, the normally cautious energy minister of Saudi Arabia predicted.
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