Morgan Stanley Boosts Global Oil Demand Forecast ...Middle East

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…

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