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BP CEO: Strong Oil Demand Growth Is Here To Stay

Global oil demand is set to rebound and remain robust for some time, BP’s chief executive Bernard Looney told Bloomberg News on the sidelines of an economic forum in Russia, reiterating views expressed by most forecasters and analysts. “There is a lot of evidence that suggests that demand will be strong, and the shale seems to be remaining disciplined,” Looney told Bloomberg News at the St.

Petersburg International Economic Forum. “I think that the situation we’re in at the moment could last like this for a while,”…

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