New r word, citing recovery, while sticking to its ultra easy policy. And alls well that ends well. Shares of Deutsche Addington trade above the issue price. Well speak to the ceo first in 45 minutes. Warm welcome to you. Plenty to get through today on the show. We kick off with the iea, predicting Global Oil Demand growth of 1. 2 Million Barrels a day in 2014. U. S. Production will rise 530,000 barrels a day in 2014. Nonopec by 1. 3 Million Barrels a day. So the u. S. Oil boom to erode opec market share, is essentially what theyre talking about this morning. The north american share open will leave one of the biggest rises in nonopec supply growth seen in the last two decades, which will help meet Global Demand and raise the share of opec. The outlook should give bulls some cause for alarm, because nonopec supply growth looks on track to hit a 20year record. As you can see, wti up to 107. 15. We hit 106 yesterday. Big drawdown, much bigger drawdown in the u. S. Department of energy in
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