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Oil demand may exceed supply by up to 4 million bpd by 2019: Trafigura
September 26, 2017 / 3:46 AM / 22 days ago

Oil demand may exceed supply by up to 4 million bpd by 2019: Trafigura

FILE PHOTO: A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy Nicholson/File Photo

SINGAPORE (Reuters) - Global oil demand may be between 2 million to 4 million barrels per day more than worldwide crude supply by the end of 2019, an executive with commodities trading house Trafigura said on Tuesday.

“When we count up the barrels across the next couple of years, we are coming up short,” said Ben Luckock, Trafigura’s co-head of group market risk, at an industry conference in Singapore.

Reporting by Mark Tay

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