In 2004, massive demand growth largely eroded the spare production capacity that oil markets had come to depend upon. For 2005, US energy consultants ESAI examines in the latest edition of its “Global Crude Oil Outlook” what it believe to be two primary market movers: Chinese demand growth and Iraqi production. “The prospects…
MARKETS: ESAI describes crude market as “wildcards” in 2005
Posted on January 28, 2005 by EnergyAsia