2 May 2024
Higher demand growth outlooks bolster oil market re-balancing – IEA and OPEC
Publication date: 14 September 2017
Gas Strategies Group
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Perceptions that the oil market is finally rebalancing have this week received support from both the International Energy Agency and OPEC, both of whom have upgraded their demand forecasts for this year and next.
Their positive sentiment is reflected in the price of Brent crude, which over the past week has breached the...