APPEA 2016

IEA tips 2017 oil recovery

THE ‘lower for longer' mantra that oil barons have been using to describe the immediate future of the oil business might be over-stated after all, at least if the International Energy Agency's latest monthly report into the oil market is any guide, with demand growth 30% higher than expected and cuts on the horizon.

IEA tips 2017 oil recovery

The IEA says that demand growth has exceeded its forecast 1.2 million barrels of oil per day from January, and is now running at 1.6MMbopd, or an annualised 1.3MMbopd. Between the extra demand and supply...

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A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

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