Global oil demand growth was a much heralded sidekick to supply cuts that rebalanced the market in record time. Now the Saudi Arabia-Russia pronged pact is considering reversing course on its output cut deal, while demand growth shows little sign of letting up. That risks leaving a hole in the market that the OPEC alliance will struggle to plug. Oil bulls listening to Jeff Currie, Goldman Sachs’ head of commodity research, at the S&P Global Platts Crude Oil Summit earlier this month would have been rubbing their hands with glee. He stated he was his most bullish in a decade. “The underlying demand trend is what is dominant here, not the OPEC production cuts. That is secondary,” Currie said. OPEC and 10 other countries embarked on a plan to remove 1.8 million b/d in late 2016 to wipe out a more than 300 million barrel stock overhang. And that […]