BP chief economist: Emerging countries will spur oil demand recovery

ist-1271313-oilrigmoving

Speaking at International Petroleum Week in London, Christof Ruehl, chief economist at BP, predicted a long-term recovery in global oil demand next year, fuelled by the industrialisation of China and India.

Ruehl also predicted that the oil price will remain flat in the short term and the oil market will see a synchronisation with the economic recovery in the medium term.

According to Ruehl, demand will switch from the Organisation for Economic Co-operation and Development (OECD) countries to th

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: