| Global oil markets seem to have moved back into balance thanks to strong growth in fuel consumption and a series of large supply disruptions in major crude producing nations. Motorists' soaring consumption of cheap gasoline in the United States as well as in some large emerging economies, including India and Mexico, will help boost global oil demand by more than 1.4 million barrels per day in 2016.
Consumption had already risen by 1.8 million bpd in 2015 and is predicted to increase by well over 1.0 million bpd again next year, marking the strongest and most sustained increase in demand since before the financial crisis...............................................Full Article: Source
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