Crude oil demand this year will grow by 1.4 million bpd, BP has estimated, despite growing worry about where the global economy is headed, which would affect demand for the most traded commodity in the world. “We’re not actually seeing this worrying thought that it’s all going to start falling,” chief executive Robert Dudley told CNBC in an interview on the sidelines of the World Economic Forum in Davos. With this, Dudley echoed the International Energy Agency’s Fatih Birol, who, at a panel discussion during the forum said the IEA projected crude oil growth at 1.3 million bpd this year, despite the expectations of a global economic slowdown. Yet BP is more optimistic than the IEA about oil demand: in 2018, the daily growth rate was 1.3 million bpd, meaning this year it will intensify. That will come alongside an almost 3-percent growth in the U.S. economy and a […]