While it doesn't forecast prices and doesn't yet look as far ahead as 2019, it sees global demand exceeding 100 million barrels a day for the first time in the fourth quarter of this year.Oil's slump is over -- hail the return of triple-digit crude! With strong economic momentum in almost every country and region, there is "no real drag on oil demand growth," Energy Aspects said Jan. 15.But there could be one in the works. Rising prices can have a chilling effect on demand growth, and benchmark crude prices have risen more than 55 per cent since their rally started in June. The IEA sees 540,000 barrels a day of demand for gasoil, fuel oil and crude displaced by gas in five non-OECD countries since 2014. Saudi Arabia has also cut its direct crude use for power generation by around 100,000 barrels a day in the past two years.

Source: Economic Times January 21, 2018 10:30 UTC