Live Breaking News & Updates on International Energy Statistics

Stay updated with breaking news from International energy statistics. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Oil market braces for OPEC decisions as crude prices climb | Hellenic Shipping News Worldwide

Oil market braces for OPEC decisions as crude prices climb | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

United States , Saudi Arabia , International Energy Agency , Organisation Of The Petroleum Exporting Countries , International Energy Statistics , Energy Information Administration , Petroleum Exporting Countries , West Texas Intermediate ,

Is It Game Over for Oil Bears?

If there has been one catalyst that I’ve told you would rear its ugly head this year, it’s the tighter supply/demand balance in the market. This is especially crucial to understand considering the market has been overstating supply and understating demand for so long. This week, Vitol Group reported that global oil demand will grow by 1.9 million barrels per day this year that’s half a million barrels per day higher than the International Energy Agency’s forecast. It’s a recipe for $100/bbl oil that cannot be ignored, and certainly enough for the market to shrug off a bearish weekly oil report out of the EIA yesterday. ....

Keith Kohl , International Energy Agency , Term Energy Outlook , International Energy Statistics , Game Over For Oil Bears , Vitol Group , Short Term Energy Outlook ,