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After Doha Bust, Oil Bulls Find Solace in Global Gasoline Boom

  • U.S. gasoline consumption in 2016 to match 2007 record: EIA
  • "It’s so cheap that it spurs demand," says top trading house
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Oil After Doha: Slow Rebalancing of Supply and Demand?

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Forget about OPEC to prop up oil prices.

Think instead about the gas-guzzling Ford F150 pickup truck, which topped U.S. vehicle sales last year. And the Honda Activa scooter, the best selling two-wheeler in India, where demand is soaring. If anyone is going to save the oil market, they are.