US-based energy consultants ESAI said the current decline in oil prices is overdue. “This seasonal decline in prices is actually a little overdue as the end-August run up in crude was more a reaction to tight and volatile product markets than strong crude fundamentals,” said Sarah Emerson, ESAI’s managing director. “Moreover, if it were not…
MARKETS: ESAI notes seasonal product demand falls, but crude demand rises
Posted on September 22, 2003 by EnergyAsia