Speaking to Reuters after BP reported a 40% drop in third quarter results, Brian Gilvary said global oil demand growth slowed to 900,000 barrels per day in the quarter.
That compared with demand growth of 1.3 million bpd in the first three months of the year and 1 million bpd in the second quarter, Gilvary said.
“It really is finely balanced at around $60,” Gilvary said.
“We are seeing demand impacted by uncertainty over U.S.- China trade tensions,” he said.
