Morgan Stanley cuts 2024 oil demand growth outlook on China factors
Morgan Stanley has lowered its global oil demand growth forecast for 2024, mainly due to Chinas slower economic growth, increased electric vehicle usage there, and a rise in the number of trucks in China powered by liquefied natural gas (LNG).
Posted by Hicham ALAOUI RIZQ on 2024, Aug 23
Introduction
Morgan Stanley has lowered its global oil demand growth forecast for 2024, mainly due to Chinas slower economic growth, increased electric vehicle usage there, and a rise in the number of trucks in China powered by liquefied natural gas (LNG).
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