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- Tue Sep 29, 2015 5:15 pm
- Forum: The View from Houston
- Topic: EIA (US) + IEA (Paris) indicate crude glut gone mid '16
- Replies: 1
- Views: 962
EIA (US) + IEA (Paris) indicate crude glut gone mid '16
The combined global demand for 2016 is much higher than 2015. The combined forecast for global supply (CY16) is DOWN slightly for Non-OPEC producers. OPEC is at near capacity (and has been there for some time) indicating the difference to be made up must come either from Non-OPEC (not going to happe...