Healthy demand growth for fuel not only in emerging economies led by China and India, but also in Europe, is helping global inventories to draw down faster now, keeping the oil market on the right track towards rebalancing, according to industry executives who spoke at a conference on Tuesday. “We see the market over the next six months going well above $60 for a simple reason … surprisingly good demand,” Adi Imsirovic, Head of Oil Trading at Gazprom Marketing and Trading, said at the S&P Global Platts APPEC conference in Singapore, as quoted by Reuters . Global demand growth is “coming somewhere close to 1.6 to 1.7 million barrels per day and is driven by distillates,” BP’s Regional CEO for Supply and Trading for the Eastern Hemisphere, Janet Kong, said at the conference. Diesel demand surged after Hurricane Harvey knocked offline more than 20 percent of U.S. refinery capacity […]