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Increasing demand for refined products will increase oil prices

By Dan Steffens - posted Monday, 2 February 2015

Image URL: https://oilprice.com/images/tinymce/Evan1/ada1470.png

Even before the sharp decline in oil prices, global demand for oil was growing at a rate of 1 million barrels per day per year. In my opinion, within six months the rate of demand growth will accelerate to over 2 million barrels per day. Demand could go even higher if consumers adjust their driving habits like they did back in 1986.

The upstream oil & gas producers will soon be reporting 4th quarter results, including updated reserve reports. Now is the time to add the best oil producers and MLPs to play the coming rebound in oil prices.