Thursday, August 11, 2016

I Think There Is More Than Just "Questions" Regarding Oil's Medium Term Future

Oil markets expected to reach balance by 2017, but plenty of questions remain

CALGARY - Global demand for oil could outpace supply in the second half of 2016, the International Energy Agency said Thursday, indicating an eventual balance in oil markets that have been brimming with crude for nearly two years. The Paris-based agency said in its monthly oil market forecast that it foresees "essentially no oversupply" in its…

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