US energy consultants ESAI said that with the return of Iraq, huge growth in non-OPEC output, and a host of member issues confronting OPEC, the crude fundamentals are generally bearish for the long-term. In its latest 5-year outlook on the global oil markets, ESAI said crude’s bearishness will, however, be countered by the products market….
MARKETS: ESAI says strong products market will counter crude’s bearish outlook
Posted on February 13, 2004 by EnergyAsia