(EnergyAsia, April 1) — US energy consultants ESAI said the strong run in prices over the past two years reflects an early signal of a deeper shift in the global crude markets. After an extended run where OPEC was forced to restrain production and cede market share to non-OPEC producers, ESAI believes the cartel will…
MARKETS: ESAI says ‘shifting balance of power’ in oil market may lead to backlash
Posted on April 1, 2005 by EnergyAsia