Global Oil & Gas Q3 2018
This quarter, we focus our Global O&G report on the demand side. Over the next five years, our global demand outlookremains positive, with overall gains in oil consumption. However, the pace of growth will soften with rising risks of a drag on oildemand from higher crude prices, especially in EMs. This is predicated on a generally supportive global economic growth outlook.More structurally and long term, we do not forecast demand destruction from EVs in the coming decade and see advances in ICEefficiency rates, more stringent environmental regulations and consumer sentiment against diesel as potentially more threateningto our fuel demand projections.
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