HomeNews listOBJECTIVE PRESSMorgan Stanley Boosts Global Oil Demand Forecast

Morgan Stanley Boosts Global Oil Demand Forecast

  • February 22, 2023
  • Posted by: AliensFaith
  • Category: OBJECTIVE PRESS
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Morgan Stanley has raised its forecast for global oil demand for this year by 36%, citing China’s economic reboot and higher demand for air travel. The investment bank now expects oil demand this year to rise by 1.9 million bpd, up from an earlier forecast of demand growth amounting to 1.4 million bpd, Reuters reported, citing a note by Morgan Stanley analysts. “Mobility indicators for China, such as congestion, have been rising steadily,” the note said, adding that “flight schedules have firmed-up the outlook for jet fuel demand.” This may not…      



Author: AliensFaith
HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

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