Sluggish Demand Growth Drives Big Oil’s Strategic Decisions

For oil prices to rise, demand must increase. That’s the gist
of a new article from Forbes’ contributor Jude Clemente. Strong
demand from East Asia may be weakening, as China slows its crude
stockpiling and import demand declines. Surging U.S. production,
which has turned the U.S. into a net energy exporter, will keep
prices low without a concomitant increase in global fossil fuel
demand. That demand, as Clemente and others have noted, may be
peaking soon. The IEA forecasts peak demand arriving after 2040, an
outlook that is shared…

For oil prices to rise, demand must increase. That’s the gist
of a new article from Forbes’ contributor Jude Clemente. Strong
demand from East Asia may be weakening, as China slows its crude
stockpiling and import demand declines. Surging U.S. production,
which has turned the U.S. into a net energy exporter, will keep
prices low without a concomitant increase in global fossil fuel
demand. That demand, as Clemente and others have noted, may be
peaking soon. The IEA forecasts peak demand arriving after 2040, an
outlook that is shared…