Petrie: Oil demand growth will drop; gas-price prospects limited

摘要

Global oil demand growth will likely be reduced just as worldwide production is expected to increase. Speaking at Oil and Gas Investor and A&D Watch's A&D Strategies and Opportunities Conference held in Dallas recently, Bank of America Merrill Lynch vice chairman Tom Petrie said the company has revised its global oil-demand-growth outlook down to some 1.5 million barrels of oil per day.