Global oil demand growth is expected to moderate next year as the world economy is expected to grow slightly less than this year, OPEC said on Wednesday in its projections for the 2019 demand. In its closely followed Monthly Oil Market Report, OPEC expects global oil demand to rise by around 1.45 million bpd in 2019, following expected growth of 1.65 million bpd for 2018, with this year’s demand growth assessment unchanged from the previous monthly report from June. This year, total world oil consumption is expected at 98.85 million bpd, while the annual average global consumption next year is anticipated to surpass the 100 million bpd threshold, OPEC said in today’s report. “Following the robust growth seen this year, oil market developments are expected to slightly moderate in 2019, with the world economy and global oil demand forecasts to grow slightly less, while non-OPEC supply growth is projected […]