Trading Giants Expect Robust Oil Demand Despite Recession Fears  ...Middle East

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Trading Giants Expect Robust Oil Demand Despite Recession Fears 
source : OILPRICE ( Middle East ) () 33
Global oil demand remains resilient despite slowing economies and is likely to hold up even if recessions materialize, executives at some of the largest commodity trading houses said on Tuesday. Oil consumption has surprised to the upside in recent months, and there hasn’t been significant demand destruction, as previously expected, economists and researchers at the top traders said at the Argus European Crude Conference in Geneva. “All the different factors suggest, yes, we may be heading into a slowdown but it will be shorter and…

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