(EnergyAsia, September 30 2015, Wednesday) — The oil markets will continue to pay for the past sins of overproduction as record-high inventories continue to offset the otherwise bullish impacts of strong demand growth and declining supply, judging from the latest International Energy Agency (IEA) monthly report.
MARKETS: Strong oil demand growth, supply cutbacks not enough to offset impact of record-high inventories, says IEA
Posted on September 30, 2015 by EnergyAsia