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    Home > Chemicals Industry > Petrochemical News > Hedge fund trader Andurand expects global oil demand to surge next year

    Hedge fund trader Andurand expects global oil demand to surge next year

    • Last Update: 2023-02-03
    • Source: Internet
    • Author: User
    Tags

    natural cooking oil

    gas driven welders
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    Hedge fund trader Pierre Andurand said global oil demand could grow by up to 4%
    sometime in 2023 if the world fully withdraws pandemic restrictions.
    He tweeted that consumption has been lagging behind long-term trends and that consumption could increase by 3 million to 4 million barrels
    per day in 2023, driven by the switch from natural gas to oil.
    His major commodity funds are up about 50%
    in 2022.

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