Global Oil Demand To Top 100 MMbbl/d But Outlook May Cloud

World oil consumption will top 100 million barrels per day (MMbbl/d) in the next three months, putting upward pressure on prices, although emerging market crises and trade disputes could dent this demand, the International Energy Agency (IEA) said on Sept. 13.

The Paris-based IEA maintained its forecast of strong growth in global oil demand this year of 1.4 MMbbl/d and another 1.5 MMbbl/d in 2019, unchanged from its previous projection.